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Announced

LocalTapiola Group to acquire an additional stake in Seligson & Co.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned39%
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

asset management

Majority

Finland

Asset Managers and Custodians

Pending

Private

Single Bidder

Acquisition

Synopsis

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LocalTapiola Group, an insurance company, agreed to acquire an additional stake in Seligson & Co, an investment service in Helsinki, Finland. Financial terms were not disclosed. Finalizing the change of ownership is pending approval of the relevant authorities. Preliminary estimate for that is September 2020.

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