12.12.2017

United Bankers – Acquisition of Suomen Pankkiiriliike

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We are advising United Bankers Plc in its acquisition of the entire share capital of Suomen Pankkiiriliike Oy. United Bankers will receive 100% of the shares in Suomen Pankkiiriliike in exchange for new shares in United Bankers to be issued to the sellers through a directed share issue. The completion of the transaction is subject to, among other things, the approval of the Finnish Financial Supervisory Authority and the resolutions of the extraordinary general meeting of United Bankers.

Suomen Pankkiiriliike is a Finnish investment services group established in 1997. The group’s main services include investment advice and investment product brokerage services as well as asset management and organising emissions. Suomen Pankkiiriliike has four subsidiaries, SP Kapitaali Oy, SP Life Oy, SP Meklarit Oy and Joutsen Rahoitus Oy. The group employs over 70 people across Finland. In 2016, the group had a turnover of EUR 5.6 million and a profit of EUR 0.3 million. The assets managed by the group are over EUR 600 million (10/2017).

United Bankers Plc is a Finnish investment group established in 1986. The group’s services include asset management, securities brokering, investment banking and fund management. The group employs 105 people (6/2017). In 2016, the group had a turnover of EUR 20.1 million and a profit of EUR 1.5 million. The group manages a total of approximately EUR 2.2 billion (6/2017). The company has been listed on First North Finland since November 2014.

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