Taaleri Group is no longer a financial and insurance conglomerate
October 29 2021 - 6:00AM
Taaleri Group is no longer a financial and insurance conglomerate
TAALERI PLC STOCK EXCHANGE RELEASE 29 OCTOBER 2021 AT 13:00
(EEST)
Taaleri Group is no longer a
financial and insurance
conglomerate
On 29 October 2021, the Finnish Financial Supervisory Authority
decided that Taaleri Group is no longer covered by the Act on the
Supervision of Financial and Insurance Conglomerates (RaVa).
Following the sale of Taaleri Wealth Management Ltd, Taaleri Group
no longer includes a holding company of an investment firm, which
is a prerequisite for the formation of a financial and insurance
conglomerate according to the Act on the Supervision of Financial
and Insurance Conglomerates.
As a result of the decision, Taaleri Group will no longer
publish the RaVa group's own funds and solvency in accordance with
the financial and insurance conglomerate's solvency rules as of the
next financial statements.
Taaleri Plc
For further information, please contact:CFO
Minna Smedsten, +358 40 700 1738, minna.smedsten@taaleri.com
Distribution:Nasdaq HelsinkiKey
mediawww.taaleri.com
Taaleri in brief
Taaleri is a Nordic investment and asset manager with an
emphasis on renewable energy and other alternative investments. We
channel capital towards economically profitable undertakings that
have a lasting positive impact on the environment and society. We
are a signatory of the UN Principles for Responsible Investment
(UNPRI) since 2010. Taaleri’s vision is to be a Nordic forerunner
in alternative investments focusing on sustainability.
Taaleri has two business segments: Private Asset Management and
Strategic Investments. Private Asset Management consists of
renewable energy, real estate, bioindustry and infrastructure
businesses. The Strategic Investments segment includes Garantia
Insurance Company Ltd.
Taaleri has EUR 2.1 bn of assets under management in its private
equity funds and co-investments. The company has approximately 120
employees. Taaleri Plc is listed on Nasdaq Helsinki.
www.taaleri.com
Siri Markula, Head of Communications and IR, tel. +358 40
743 2177, siri.markula@taaleri.com
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