Taaleri Investments Ltd, part of Taaleri Group, has accepted a binding purchase offer made by Etera Mutual Pension Insurance Company for all of the forest fund Metsärahasto II Ky’s company holdings. Metsärahasto II Ky is a special purpose vehicle whose only asset is an approximately 19.77% holding of Finsilva Plc shares.
The offer is expected to lead to the finalisation of the sale by the end of April. If the sale is finalised, it will have a positive impact on Taaleri Group’s result for 2016. Taaleri leaves its earnings guidance unchanged.
Finsilva Plc owns around 130,000 hectares of forest, mainly in Central Finland and the Tampere Region.
Head of Communications and IR
Juhani Elomaa, Chief Executive, tel. 358-40-778-9020
Jyrki Ketola, Director, Forest Investments, tel. 358-400-606-522
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 Oy, 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 more than 2,000 shareholders. The operations of Taaleri are supervised by the Finnish Financial Supervisory Authority.
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Merasco Oy, tel. 358 9 612 9270, serves as Taaleritehdas’ Certified Advisor