(1)
PPG Industries, Inc. supplements the tender offer document dated 14 January
2021 relating to the voluntary recommended public cash tender offer for all the
shares in Tikkurila Oyj
PPG INDUSTRIES, INC. 10 March 2021 at 9:00 EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR
SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE
PROHIBITED BY APPLICABLE LAW.
PPG Industries, Inc. ( PPG or the Offeror ), a corporation incorporated under
the laws of Pennsylvania, and Tikkurila Oyj ( Tikkurila or the Company )
announced on 18 December 2020 entry into a combination agreement (the
Taaleri sells its wealth management operations to Aktia
, beginning a cooperation that supports both companies’ strategies – Taaleri to focus on private equity funds concentrating on alternative investments in future
On March 10, 2021, the financial services company Taaleri Plc (“Taaleri”) signed an agreement to sell its wealth management operations to Aktia Bank Plc (“Aktia”). The divested operations will be sold at its enterprise value of EUR 120 million. In addition, Taaleri will receive the net cash of the divested operations, which amounted to circa EUR 10 million at the end of the financial year 2020. In the future, Taaleri will focus on private equity funds concentrating on renewable energy and other alternative investments.
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