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2010-12-16 14:00:00 CET 2010-12-16 14:02:15 CET REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementCompleted Transactions Related to Pohjola Asset Management's Private Equity Investment BusinessPohjola Bank plc COMPANY RELEASE Release category: Company Announcement 16 December 2010 at 3.00 pm Finnish time (GMT+2) Completed Transactions Related to Pohjola Asset Management's Private Equity Investment Business Transactions related to Pohjola Asset Management's private equity investment business have been completed. As announced earlier, Pohjola Bank plc (Pohjola) bought a 40% shareholding in Access Capital Partners Group SA (Access Capital), a manager and advisor of private equity funds of funds, for EUR 28 million. At the same time, Pohjola sold Pohjola Private Equity Funds Ltd to Access Capital for EUR 16 million. Following the required regulatory approval, the transactions communicated in the company announcement of 17 November 2010 were completed on 16 December 2010. Accordingly, Access Capital is a Pohjola associated company whose financial results will be included in those of Asset Management and Pohjola in proportion to the shareholding. In addition, all of the share capital of Pohjola Capital Partners Ltd, which makes direct equity investments in unlisted Finnish companies, has been bought by the company's existing management and the company has been renamed Vaaka Partners Ltd. Communicated in the company announcement of 27 September 2010, this management buyout has been completed according to the original plan. Pohjola Bank plc Carina Geber-Teir Chief Communications Officer For more information, please contact: Mikko Koskimies, Executive Vice President, Pohjola Asset Management Ltd, tel. +358 (0)10 252 2295 DISTRIBUTION NASDAQ OMX Helsinki London Stock Exchange Major media pohjola.fi, op.fi [HUG#1473259] |
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