TAALERI PLC STOCK EXCHANGE RELEASE 9 OCTOBER 2018
TAALERI RECORDS A EUR 5 MILLION CAPITAL GAIN AS A RESULT OF FELLOW FINANCE INITIAL PUBLIC OFFERING
Taaleri Plc has sold 813,262 shares in its associated company Fellow Finance Plc in connection to their First North IPO. After the transaction Taaleri’s shareholding in Fellow Finance, which offers a crowdfunding platform for companies and for consumers, will decrease to 26.0% from 45.7%.
Taaleri Oyj will record a capital gain of approximately EUR 5 million during the second half of 2018.
Taaleri’s long-term financial targets remain unchanged.
Juhani Elomaa, Managing Director, Taaleri Plc, 358 40 778 9020, email@example.com
Taaleri in brief
Taaleri is a Finnish financial service company, whose parent company Taaleri Plc is listed on Nasdaq Helsinki's main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. Taaleri provides services to institutional investors, companies and private individuals. The Group’s operational subsidiaries are: Taaleri Wealth Management Ltd and its subsidiaries, Taaleri Private Equity Funds Group, Taaleri Investments Group, Taaleri Energia Oy Group and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services, Ficolo Oy developing data centers, and Turun Toriparkki Oy and Munkkiniemi Group Oy that are real estate project companies.
At the end of June 2018, Taaleri had assets under management totalling EUR 6.0 billion and 4,600 asset management customers. Taaleri Plc has some 4,100 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.
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