Aktia to become partner in Alexander Corporate Finance

Aktia Bank PlcPress release30 November 2021 at 2.00 p.m.

Aktia to become partner in Alexander Corporate Finance

Aktia Bank Plc and Alexander Corporate Finance Oy (“ACF”) have agreed on an arrangement, which will result in Aktia owning 20% of ACF’s shares. The share subscription is scheduled to take place in January 2022 and is conditional on the approval of the Financial Supervisory Authority.

With the issue, the new name of Alexander Corporate Finance will be Aktia Alexander Corporate Finance Oy.

“In the future, the arrangement will provide Aktia’s customers access to investment banking, such as financial advice on mergers and acquisitions, initial public offerings and valuation services. Small and medium-sized enterprises constitute the core of both Aktia's and ACF’s strategies, which makes us particularly compatible partners,” says Anssi Huhta, Executive Vice President for Banking Business in Aktia.

“Aktia becoming a partner strengthens the continuity of our business. Aktia has invested particularly in asset management and corporate banking. This cooperation enables us to provide the customers of both companies with more diverse and better services” says Erkki Helaniemi, Chairman of the Board of Alexander Group.

Further information:

Jaakko Niemelä, CEO, Alexander Corporate Financetel. +358 50 549 5501

Anssi Huhta, Executive Vice President, Banking Business, Aktiatel. +358 50 342 3125

Lotta Borgström, Director, Investor Relations and Communications, Aktiatel. +358 10 247 6838, lotta.borgstrom (at) aktia.fi

Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next already for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 900 people around Finland. Aktia's assets under management (AuM) 30 June 2021 amounted to EUR 15.6 billion and the balance sheet total was EUR 11.2 billion. Aktia's shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com

 

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