Sampo buys out RMI to take over Hastings in full

Deal

Finnish insurer Sampo has paid Rand Merchant Investment Holdings £685m for its 30% stake in Hastings and now owns the whole business.

The pair had bought up Hastings last November delisting the firm from the London Stock Exchange.

The latest move means Sampo has paid £1.85bn across the two deals to snap up 100% ownership of

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