Finnish company Taaleri today announces the sale of its wealth management operations to Aktia Bank. The operation is sold at its enterprise value of EUR 120m and Taaleri will also get the net cash of the divested business, which amounts to EUR 10m, according to a company statement.
The reason Taaleri decided to divest wealth management is because it aims to fully focus on private equity funds in the renewable energy space and other alternative investments.
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