(Boursier.com) — Evli Plc and EAB Group Plc have signed a letter of intent, under which the parties are exploring a potential business combination.
This combination would create one of the main companies listed on the Helsinki Stock Exchange to offer investment and portfolio management services to institutions, companies and individuals. Both companies share a strong commitment to responsible investment and the production of sustainable investment solutions.
Maunu Lehtimäki, CEO of Evli, said: “This transaction is a step towards Evli’s long-term goal of becoming one of the leading Nordic asset managers. The similarity of cultures and the values shared by the two companies create a good basis for a successful merger.”
Daniel Pasternack, CEO of EAB, commented: “With Evli, we are both committed to responsible investing and, by joining forces, we can aim for rapid growth, both nationally and internationally, as a expert in responsible investment. In addition, this combination will give us a strong position in institutional asset management and in Incentive & Reward activities.”
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