Finnish provider in cash offer talks with Hastings

Secret talks

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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