Taaleri Oyj - Company Announcement

Taaleri establishes new energy company and expands its energy sector to billions

Helsinki, 2016-06-10 09:00 CEST (GLOBE NEWSWIRE) -- 

Taaleri financing group is establishing a new energy company, Taaleri Energia
Oy, and significantly expanding its operations in the energy sector. The energy
business will form its own business segment within Taaleri alongside wealth
management and financing. Taaleri is aiming to increase its managed assets
committed to energy to over EUR 1.5 billion within three years. 

“We want to be a part of the transition of the energy sector, which is
redistributing the market. Fossil energy production is being run down through
political decisions, which guides the movements of capital within the sector in
Finland and internationally. Energy is a natural area of expansion for our
business operations,” says Taaleri Plc CEO Juhani Elomaa. 

“Our private equity funds are already a unique opportunity for our customers to
own Finnish business and, in the future, also increasingly the energy sector.
The sector has been mostly owned by large energy companies, but a new kind of
ownership model, in which even private persons can own industrial-scale
investments, will certainly shape the entire market.” 

Taaleri has invested over EUR 600 million in building renewable energy in
Finland through two wind power funds and a biofactory fund. The recently opened
third wind power fund is currently collecting a capacity of approximately EUR
200 million for wind farm investments. 

Taaleri’s expansion to the energy field is predicted to increase the assets
managed by Taaleri’s private equity funds by approximately EUR 800 million on
top of the current programmes over the next three years. The capital is
primarily committed to new investments made through funds. Corporate
acquisitions in Finland and abroad are also possible. 

“We are already the second largest wind farm developer in Finland with our
current investments. Established in the autumn, Taaleri Energy will channel
Finnish ownership into renewable energy, such as wind and solar power, as well
as into existing energy sources and networks. The energy business segment will
also be connected to Taaleri’s internationalisation goal.” 

At first, Taaleri Energy will employ approximately 20 people, most of whom
already work for Taaleri. Several key persons will also be recruited during the
summer. Taaleri Group will report in accordance with the new segment division
starting 1 July 2016. 

Taneli Hassinen
Head of Communications and IR
Taaleri Plc
Tel. +358 40 504 3321
taneli.hassinen@taaleri.com

For additional information:

Juhani Elomaa, CEO, tel. +358 40 778 9020, juhani.elomaa@taaleri.com

Taaleri in brief

Taaleri is a financial group whose parent company, Taaleri Plc, is listed on
the main list of the Helsinki Stock Exchange. Taaleri provides wealth
management and financing services to institutional investors, companies and
private individuals. Taaleri Group currently consists of the parent company
Taaleri Plc and four operational subsidiaries: Taaleri Wealth Management Ltd
and its subsidiaries, Taaleri Private Equity Funds Ltd and its subsidiaries,
Taaleri Investment Ltd and Garantia Insurance Company Ltd. In addition, Taaleri
has an associated company, Fellow Finance Oy, which offers peer-to-peer lending
services. The Group has over 180 employees. Its offices are located in
Helsinki, Tampere, Turku, Pori, Oulu, Istanbul and Nairobi. 

At the end of 2015, Taaleri had assets under management of EUR 3.9 billion and
3,500 wealth management clients. Taaleri Plc has more than 2,400 shareholders.
The operations of Taaleri are supervised by the Finnish Financial Supervisory
Authority. 

Further information about our company and services can be found at:

www.taaleri.com
www.fellowfinance.fi
www.garantia.fi












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