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01.09.2022

Rettig Group reduces ownership in Purmo Group

Rettig Group Ltd (Rettig Group) has on 1 September 2022 sold 1,575,000 shares in Purmo Group Plc (Purmo Group) to a selected group of institutional investors. The divested shares represent approximately 3.70 of all the shares and votes in Purmo Group. After the transaction, Rettig Group’s holding in Purmo Group amounts to 26,373,971 shares, which represents 61.89 percent of all shares and votes in the company. Rettig Group intends to continue as a significant shareholder in Purmo Group supporting the company’s long-term strategy and has agreed to a lock-up of 90 days, subject to certain exceptions.

Purmo Group is a leader in sustainable indoor climate comfort solutions with an offering that covers heating and cooling, its distribution, ventilation, emission and control.

Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ) Helsinki Branch acted as joint bookrunners in the transaction.

Further information:

Matts Rosenberg, CEO, Rettig Group: Tel. +358 40 198 9978

Rettig Group is a family-owned investment company that creates value for generations. Our investment strategy focuses on both listed and private assets, and sets out to generate attractive over-the-cycle returns while maintaining an appropriate risk level in the portfolio. A cornerstone in our investment strategy is the ambition to cooperate with professional and like-minded partners and co-investors. Rettig Group is controlled by the 9th generation of the von Rettig family.

This release is solely for information purposes and shall not constitute or be construed as an offer to buy, sell or subscribe for, or the solicitation of an offer to buy, sell or subscribe for any securities, nor shall there be any offer or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.