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LocalTapiola Group to acquire Seligson & Co

After the acquisition, fund management company Seligson & Co will continue operating as before, the group announces. The company today manages assets worth approximately EUR 2bn, whilst LocalTapiola's assets total EUR 10bn.

Samu Anttila, Director at LocalTapiola and Ari Kaaro, Managing Director at Seligson & Co. Photo: PR LocalTapiola and Seligson & Co.

Finland's LocalTapiola Group is acquiring fund management company Seligson & Co for an undisclosed sum. The acquisition is pending regulatory approval.

Ari Kaaro, managing director at Seligson & Co, notes the deal will not affect the asset and fund management company's operations per se, but will expand the product range available for the investors and savers of both companies.

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