SSSB helps Finnish insurer buy domestic bank

Pohjola, one of Finland's largest insurers, is set to merge with Conventum, a Finnish investment bank and asset manager.

The deal sees Pohjola owning 75% of Conventum, which has a market cap of €235.6m. Schroder Salomon Smith Barney advised Pohjola, but it is not known what price was paid.

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