Finland’s Sampo Secures Deal for $4.9 Billion Valued Topdanmark

Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of the Danish insurer.

The Finnish insurance company raised its holding in Topdanmark to about 92.6% of shares, based on a preliminary result, and will complete the offer, according to a statement on Tuesday. The plan is to buy out remaining minority shareholders and delist Topdanmark in due course, the Helsinki-based company said.

Sampo made a move to obtain a full ownership in the Danish insurer in June in a push to integrate it into its property and casualty unit If ...