Taaleri’s involved company Fellow Finance merges with Evli’s banking business

TAALERI PLC Press Release 14 JULY 2021 AT 9:10 (EEST)

Taaleri’s associated company Fellow Finance merges with Evli’s banking enterprise – Taaleri carries on as a significant owner in the new Fellow Bank

Taaleri will carry on as a considerable operator in the new Fellow Lender, which will be formed when Taaleri’s associated business Fellow Finance Plc and Evli Pankki Plc’s banking business enterprise merge. The providers announced the merger nowadays. Immediately after the transaction, Taaleri’s holding in Fellow Financial institution will be 17.6 per cent. Less than the arrangement, the major shareholders will reinforce the new company’s equity. The firm will have above EUR 30 million in fairness when commencing operations, which will help drastically developing the lending portfolio. Taaleri’s share of the capitalization is somewhere around EUR 2.5 million.

“We see the merger accelerating the implementation of Fellow Finance’s technique and raising the company’s shareholder benefit. Fellow Lender has exceptional prospects to expand swiftly and profitably,” states Robin Lindahl, CEO of Taaleri.

The implementation of the arrangement involves the acceptance of both companies’ remarkable common conference and numerous authority authorisations and approvals. The arrangement is intended to be carried out in whole for the duration of the first 50 percent of 2022.

Taaleri Plc
Communications

For further more information, be sure to make contact with:
CEO Robin Lindahl, +358 50 595 9616, [email protected]

Taaleri in quick

Taaleri is a Nordic investment decision and asset supervisor with an emphasis on renewable energy and other alternative investments. We channel capital in direction of economically profitable undertakings that have a long lasting beneficial influence on the ecosystem and culture. We have been a signatory of the UN Concepts for Responsible Investment (UNPRI) considering the fact that 2010. Our vision is to be a Nordic pioneer in option investments concentrating on sustainability.

Taaleri has two organization segments: Private Asset Administration and Strategic Investments. Non-public belongings management consists of renewable energy, authentic estate, bioindustry and infrastructure businesses. The Strategic Investments segment is composed of Garantia Insurance plan Enterprise Ltd.

Taaleri has EUR 1.7 bn of belongings beneath administration in its personal fairness cash and co-investments. The company has roughly 120 staff. Taaleri Plc is listed on the Nasdaq Helsinki.

www.taaleri.com

Siri Markula, Head of Communications and IR, tel. +358 40 743 2177, [email protected]

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