(Reuters) - Sampo <SAMPO.HE> has received all regulatory and antitrust approvals needed for its acquisition of British motor insurer Hastings <HSTG.L>, the Finnish financial group said on Tuesday.
Hastings agreed to be bought in August by Sampo and South Africa's Rand Merchant Investment (RMI) <RMIJ.J> in a cash deal valuing it at 1.66 billion pounds.
"All of the conditions relating to regulatory and antitrust approvals have now been satisfied," Sampo said in a statement.
Sampo will hold 70% of Hastings after a court hearing procedure expected to be held on Nov. 13.
(Reporting by Tarmo Virki in Tallinn; editing by Jason Neely)