Kemira slips as Solidium sells all its shares in co at discount

Kemira Oyj

13/02/2024 08:14

** Shares in Finland's Kemira  KEMIRA.HE  fall around 3%
after state-owned investment firm Solidium sold its entire
holding in the chemicals company at a discount
    ** Solidium sold 7.78 million shares in Kemira to Finnish
and international institutional investors for 16 euros ($17.23)
per share, representing a 6% discount to Monday's closing price
    ** The sold shares represent about 5% of all shares in
Kemira
    ** "This share sale is a continuation of the sales in recent
years ... and it is natural that through the sale Solidium
releases capital for other future needs. Thus, the State's
ownership of over 100 years in Kemira comes to an end," says
Solidium's CEO Reima Rytsölä
    ** If losses hold, the stock will see its worst day since
November 

($1 = 0.9286 euros)

 (Reporting by Elsa Ohlen)
 ((elsa.ohlen@thomsonreuters.com;))