Taaleri Group records a profit of EUR 8.3 million following an earn-out from the sale of a renewable energy project development portfolio
TAALERI PLC INVESTOR NEWS 26 SEPTEMBER 2024 AT 16:00 (EEST)
Taaleri Group records a profit of EUR 8.3 million following an earn-out from the sale of a renewable energy project development portfolio
On 5 July 2023, Taaleri announced that the SolarWind III Fund had acquired a renewable energy project development portfolio from Taaleri Energia. The projects in the acquired portfolio have proceeded according to plan, and Taaleri considers the realization of the earn-out related to the transaction as likely. Taaleri Group records a profit of EUR 8.3 million from the earn-out in the third quarter of 2024. The earn-out will be paid later once all related conditions have been fulfilled.
For further information, please contact:
Ilkka Laurila, CFO, +358 40 076 1360, ilkka.laurila@taaleri.com
Taaleri in brief
Taaleri is a Nordic investment and asset manager that focuses on businesses with industrial-scale opportunities within bioindustry and renewable energy. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We have been a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to become a leading investment manager operating internationally in bioindustry and renewable energy.
Taaleri has two business segments: Private Asset Management and Garantia. Private Asset Management consists of bioindustry, renewable energy and real estate businesses.
Taaleri has EUR 2.6 bn of assets under management in its private equity funds and co-investments. The company has approximately 125 employees. Taaleri Plc is listed on Nasdaq Helsinki.
Head of Investor Relations and Communications Linda Tierala, +358 40 571 7895, linda.tierala@taaleri.com