Rettig Group has completed the divestment of its stake in Alandia
Rettig Group has completed the sale of its 24.9 per cent stake in Alandia. The divestment was announced on 1 April 2021 and was subject to regulatory approval from the Finnish Financial Supervisory Authority, which has now been received.
The buyer of the Alandia stake is Alandia Holding Ab, a company owned by a consortium of investors including Bank of Åland, Veritas Pension Insurance, Viking Line, Lundquist Shipping Company Limited, Wiklöf Holding, and the association Föreningen Konstsamfundet.
Alandia is one of the leading marine insurers in the Nordic and Baltic region. The company was a mutual insurance company until 2014. Rettig Group’s stake in Alandia originated from its earlier ownership of shipping company Bore, which was an insurance customer of Alandia and became shareholder of the company as a result of the demutualisation of Alandia in 2014.
Financial terms of the transaction have not been disclosed.
Matts Rosenberg, CEO, Rettig Group: Tel. +358 40 745 5276
Rettig Group is a leading Finnish family-owned investment company that creates value for generations through active and responsible ownership. Our core investments are eQ, Nordkalk, Purmo Group, and Terveystalo. We are also increasingly active in financial investments, including private equity fund- and co-investments.