Brief: Taaleri Revises Its Strategy And Updates Its Long-Term Financial Targets

Taaleri Oyj

16/03/2021 06:33

March 16 (Reuters) - Taaleri Plc  TAALA.HE :
    * REG-TAALERI REVISES ITS STRATEGY AND UPDATES ITS LONG-TERM
FINANCIAL TARGETS – GROWTH DRIVEN BY PRIVATE EQUITY FUNDS
FOCUSING ON RENEWABLE ENERGY AND OTHER ALTERNATIVE INVESTMENTS
    * LONG-TERM FINANCIAL TARGETS :  OPERATING PROFIT: AT LEAST
25%
(PREVIOUSLY AT LEAST 20%)
    * REGULATION OF TAALERI WILL CHANGE WITH DIVESTMENT OF
WEALTH
MANAGEMENT BUSINESS OPERATIONS
    * WILL IN ITS OWN VIEW NOT BE SUBJECT TO REGULATION OF
INVESTMENT
SERVICES BUSINESS, NOR WILL FORM A FINANCIAL AND INSURANCE
CONGLOMERATE
    * OBJECTIVE IS TO DISTRIBUTE TO SHAREHOLDERS AT LEAST 50% OF
PROFIT FOR FINANCIAL YEAR, AND CAPITAL NOT NEEDED FOR GROWTH
INVESTMENTS OR TO FULFIL TARGETS FOR SOLVENCY
    * GOAL OF STRATEGY IS TO INCREASE TAALERI'S ASSETS UNDER
MANAGEMENT TO OVER EUR 3 BILLION IN 2023

Source text for Eikon:  ID:nGNE2Y6gZy 
Further company coverage:  TAALA.HE 

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