The activist investor said this would restore investor confidence and unlock in excess of 8 billion euros in value for Sampo’s shareholders. “The company’s Nordea stake is widely acknowledged to have become a significant distraction and a sustained drag on valuation for Sampo,” Elliott said in a statement. ADVERTISEMENT Sampo is the largest shareholder of Nordea, holding a 15.9% stake. Elliott Advisors - an affiliate of Elliott Investment Management which manages $41 billion of assets - says it advises funds that hold more than 3% of Sampo shares. Sampo is due to report its fourth quarter results on Feb. 11, and holds a Capital Markets Day on Feb. 24. $1 = 0.8288 euros Reporting by Tarmo Virki in Tallinn. Editing by Kirsten Donovan and Mark Potter