Nordic Business Report-April 28, 2006-Sampo Plc subsidiary acquires Russian bank
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Finnish financial group Sampo Plc said on Friday (28 April) that its fully-owned subsidiary Sampo Bank plc had signed an agreement to acquire Industry and Finance Bank (Profibank), a Russian bank based in St. Petersburg.
On 31 March 2006 Profibank's total assets amounted to EUR1.2m and its equity totalled EUR0.4m.
The acquisition price was not disclosed.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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