Taaleri Plc and Gasum Ltd have today completed an arrangement, announced on 11 January 2016, in which ownership of the Biotehdas chain is transferred to Gasum. In respect of the arrangement, Taaleri will recognise commission income, which has a positive impact on the company’s 2016 result.
The nationwide Biotehdas chain, owned by Taaleritehdas Biotehdas I Ky Private Equity Fund, is the market leader in the biogas sector in Finland. It comprises operational biogas plants in Huittinen, Kuopio, Oulu and Honkajoki, and a plant to be completed in summer 2016 in Riihimäki. The biogas technology company Watrec Ltd is not part of the transaction.
“With our customers, we have built using Finnish capital a nationwide chain of biogas plants, which improve Finland’s waste management and its environment. In addition, we have created new jobs and profit for investors. Now Biotehdas is ready for transfer to Gasum, which is best placed to continue the development of the Finnish biogas market,” says Tero Luoma, Investment Director of Taaleri Private Equity Funds Ltd.
Taaleri founded the Biofactory Private Equity Funds in 2012 with the purpose of building Finland’s first nationwide network of biogas plants. The fund has approximately 200 Finnish investors.
Annually, the Biotehdas chain processes approximately 275,000 tonnes of biodegradable waste, such as biowaste from households and industry as well as sludge from wastewater treatment plants. The five plants produce a total of 170,000 MWh of renewable biogas energy per year. In addition, the plants recycle nutrients contained in the waste. The biogas plants recycle approximately 500 tonnes of phosphorus and 1,000 tonnes of nitrogen per year.
Tero Luoma, Investment Director, Taaleri Private Equity Funds Ltd, tel. 358 50 344 9993
Merasco Oy, tel. 358 9 612 9270, serves as Taaleri’s Certified Advisor
Taaleri in brief
Taaleri is a financial group listed on the First North Finland marketplace, maintained by NASDAQ OMX Helsinki. Taaleri provides wealth management and financing services to institutional investors, companies and private individuals. Taaleri Group consists of the parent company Taaleri Plc and four operational subsidiaries: Taaleri Wealth Management Ltd and its subsidiaries, Taaleri Private Equity Funds Ltd and its subsidiaries, Taaleri Investment Ltd and Garantia Insurance Company Ltd. In addition, Taaleri has an associated company, Fellow Finance Oyj, which offers peer-to-peer lending services. The Group has over 180 employees. Its offices are located in Helsinki, Tampere, Turku, Pori, Oulu, Istanbul and Nairobi.
At the end of 2015, Taaleri had assets under management of EUR 3.9 billion and 3,500 wealth management clients. The entire Group’s base of direct and indirect clients totals 30,000 accounts. Taaleri Plc has 1,900 shareholders. The operations of Taaleri are supervised by the Finnish Financial Supervisory Authority.
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