Goldman Sachs and JP Morgan lead 75-minute €477m Sampo sale

JP Morgan and Goldman Sachs wrapped up a quickfire €477m ($574m) sale of shares in Sampo, the Finnish insurer, in just 75 minutes in Europe's second privatisation of the day on Thursday.

The two banks were joint bookrunners and advisers to the Finnish government, which sold a 10.7% stake to reduce its holding to 21.4%. They have been advising the state since before Easter on the best time to sell the shares.

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