Mandatum announced on Thursday that it will start change negotiations to streamline the company's operations.

Mandatum published a Q3 report that was slightly below our expectations in terms of earnings figures. The miss was due to quarter-on-quarter volatility in investment performance, and the Group's growth engine, the capital-light businesses, performed well ahead of our expectations.

According to a recent market rumor reported by Bloomberg News, potential buyers have emerged for Saxo Bank, which is partly owned by Mandatum. The rumored buyers are a consortium of American brokerage firm Interactive Brokers, Swedish private equity investor Altor and American private equity investor Centerbridge Partners.

Mandatum has announced that it has completed the sale of an insurance portfolio to If, as agreed last year.