Finnish provider in cash offer talks with Hastings
Sampo Oyj has approached the business along with Rand Merchant Investment Holdings.
Hastings has confirmed it is in discussions with Sampo Oyj and Rand Merchant Investment Holdings (RMI) over a possible cash offer to acquire the issued and to be issued share capital of Hastings not already owned or controlled by Sampo and RMI.
RMI is a 29.7% shareholder of Hastings having invested in 2017.
Hastings has developed a panel, excluding RMI representative Herman Bosman, to consider the approach.
A statement from Hastings read: “The Company confirms that it has been approached by
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