Letter of intent has been signed on the sale of Aktia Life Insurance Ltd’s real estate investment, estimated capital gains of more than EUR 10 million
May 16 2022 - 8:40AM
Letter of intent has been signed on the sale of Aktia Life
Insurance Ltd’s real estate investment, estimated capital gains of
more than EUR 10 million
Aktia Bank PlcInsider information16 May 2022 at
3.40 p.m.
Letter of intent has been
signed on the sale of Aktia Life Insurance Ltd’s
real estate investment, estimated capital gains of more than EUR 10
million
Aktia Life Insurance Ltd, a subsidiary of Aktia Bank Plc, is an
investor in a real estate investment company, the sale of which has
been subject to a letter of intent. It is estimated that the
transaction will be executed during the second quarter of the year.
As a result, Aktia Life Insurance Ltd would record estimated
capital gains of more than EUR 10 million in its investment
portfolio. The execution of the transaction or, in case of a delay,
the unrealised value change, will have a direct impact on Aktia
Group's result. The net income from life insurance will continue to
depend on the changes in market values. Aktia will report the value
changes in the net income from life insurance in the half-year
report, which will be published on 5 August 2022.
The capital gains or any unrealised value change recorded from
the arrangement does not change Aktia's outlook according to which
the comparable operating profit in 2022 is expected to be somewhat
higher than in 2021.
Aktia Bank Plc
Further information:Outi Henriksson, CFO, tel.
+358 10 247 6236Lotta Borgström, Head of Investor Relations and
Communications, tel. +358 10 247 6838, lotta.borgstrom (at)
aktia.fi
Distribution:Nasdaq Helsinki LtdMass
mediawww.aktia.com
Aktia is a Finnish asset manager, bank and life insurer that has
been creating wealth and wellbeing from one generation to the next
for 200 years. We serve our customers in digital channels
everywhere and face-to-face in our offices in the Helsinki, Turku,
Tampere, Vaasa and Oulu regions. Our award-winning asset management
business sells investment funds also internationally. We employ
approximately 900 people around Finland. Aktia's assets under
management (AuM) 31/12/2021 amounted to EUR 15.5 billion and the
balance sheet total was EUR 11.7 billion. Aktia's shares are listed
on Nasdaq Helsinki Ltd (AKTIA). aktia.com
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