Divestment of Alandia to UBV Alandia Holding
We advised Rettig Group in the divestment of its 24.9% stake in Alandia, a marine and yacht insurance company, to UBV Alandia Holding, 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 originates from its earlier ownership of shipping company Bore, which was an insurance customer of Alandia and became a shareholder of the company as a result of the demutualisation of Alandia in 2014.
Rettig Group is a leading Finnish family-owned investment company that creates value for generations through active and responsible ownership. Its core investments are Alandia, eQ, Nordkalk, Purmo Group, and Terveystalo.