Helsinki, 2017-10-11 08:00 CEST (GLOBE NEWSWIRE) --
TAALERI PLC STOCK EXCHANGE RELEASE 11 OCTOBER 2017 AT 9:00 EET
Taaleri to sell the estates of its first forest fund to AXA Investment Managers - Real Assets
Taaleri Private Equity Funds Ltd which is managing Taaleri Metsärahasto I Ky has signed a binding agreement with AXA Investment Managers - Real Assets, acting on behalf of its clients, to sell estates of Taaleri’s first forest fund. The final closing is expected by year end. Upon realisation of the transaction, Taaleri will record a net income of some MEUR 2.7.
The total area of the estates owned by the forest fund is over 14,000 hectares of which the amount of forest land is about 12,500 hectares. Taaleri established the forest fund in late 2012 and it has 140 investors.
”Taaleri’s first forest fund was established about five years ago to enable clients to benefit from the attractive investment opportunity that forestry presents. This has been a strongly performing portfolio, in what is one of the prime forestry regions in the Nordics,” says forestry expert Jyrki Ketola.
Jyrki Ketola, Director, Forestry Investments, 358 400 606 522, firstname.lastname@example.org
Marko Backström, Lawyer, Private Equity Funds, tel. 358 45 133 8666, email@example.com
Ari Metso, Managing Director, Taaleri Private Equity Funds Ltd, 358 45 123 6890, firstname.lastname@example.org
Taaleri in brief
Taaleri is a financial group 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 Ltd Group, Taaleri Investments Ltd Group, Taaleri Energia Oy and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services, and Inderes Oy, which produces analyses and marketing information for investors.
At the end of June 2017, Taaleri had assets under management totalling EUR 5.3 billion and 4,300 wealth management customers. Taaleri Plc has over 3,200 shareholders. Taaleri's operations are supervised by the Finnish Financial Supervisory Authority.
More information about our company and services:
Taneli Hassinen, Head of Communications and IR, tel. 358 40 504 3321, email@example.com