Aktia Pankki Oyj (HLSE:AKTIA) signed an agreement to acquire Evervest Oy, Taaleri Fund Management Ltd, Taaleri Tax Services Ltd and Taaleri Wealth Management Ltd from Taaleri Oyj (HLSE:TAALA) for an enterprise value of €120 million on March 10, 2021. The consideration for Wealth Management Operations of Taaleri is enterprise value (excluding liabilities and cash) of €120 million, of which a maximum of €10 million may be paid in new Aktia shares and the remainder will be paid in cash at the close of the transaction. In a related transaction, Taaleri will acquire business operations for the portfolio management of Aktia's special investment fund investing in real estate as well as the Aktia Infra I Ky fund.

Approximately 100 employees of Taaleri will be transferred to Aktia and five employees of Aktia's real estate and infrastructure business will shift to Taaleri. The completion of the transaction is subject to the approvals issued by Finnish Competition and Consumer Authority and Financial Supervisory Authority (FIN-FSA) which are required by applicable laws and regulation. The transaction is expected to be completed in May, 2021.

Upon the completion of the transaction, Taaleri will seek to release capital to shareholders with an additional dividend.