M&A Deal Summary

Veritas Pension Insurance and Folksamerica Reinsurance Acquire Aktia Bank - Non-Life Insurance

On January 27, 2012, Veritas Pension Insurance and Folksamerica Reinsurance acquired insurance company Aktia Bank - Non-Life Insurance from Aktia Bank for 24M EUR

Acquisition Highlights
  • This is Veritas Pension Insurance’s 1st and Folksamerica Reinsurance’s 2nd transaction in the Insurance sector.
  • This is Veritas Pension Insurance’s 0th and Folksamerica Reinsurance’s 0th largest (disclosed) transaction.
  • This is Veritas Pension Insurance’s 2nd and Folksamerica Reinsurance’s 1st transaction in Finland.

M&A Deal Summary
Date 2012-01-27
Target Aktia Bank - Non-Life Insurance
Sector Insurance
Buyer(s) Veritas Pension Insurance
Folksamerica Reinsurance
Sellers(s) Aktia Bank
Deal Type Divestiture
Deal Value 24M EUR

Target

Aktia Bank - Non-Life Insurance

Finland
Aktia Bank Plc - Non-Life Insurance is a provider of insurance services.

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Buyer(S) 2

Buyer

Veritas Pension Insurance

Turku, Finland
Category Company
Founded 1905
Sector Insurance
DESCRIPTION

Veritas Pension Insurance is an professional pension insurer provider in finland.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-15 MultiTouch

Helsinki, Finland

MultiTouchis a developer of a multitouch displays and related technology for professionals who provide interactive services in retail stores, public areas and at events. MultiTouch was founded in 2007 and is based in Helsinki, Finland.

Buy -
Buyer

Folksamerica Reinsurance

Chicago, Illinois, United States
Category Company
Founded 1979
Sector Insurance
DESCRIPTION

Folksamerica Reinsurance Co is an Insurance company provides various insurances services and products.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 1 of 1
Country (Finland) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-02 Stockbridge Insurance

Arden Hills, Minnesota, United States

Stockbridge Insurance Co, is a provider of personal and commercial auto, homeowners, inland marine, fire and allied lines, and commercial general liability insurance services.

Sell -

Seller(S) 1

SELLER

Aktia Bank

Helsinki, Finland
Category Company
Founded 1825
Sector Financial Services
Employees848
Revenue 291M EUR (2023)
DESCRIPTION

Aktia Bank is a provider of a broad range of products within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia Bank was founded in 1825 and is based in Helsinki, Finland.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 2
Country (Finland) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Elisa Rahoitus Oy

Helsinki, Finland

Elisa Rahoitus Oy is a mobile payment service in Europe. It transmitted the payment message instantly from one user to another.

Buy €1M
Mergr

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