Taaleri

The Fintoil transaction was completed as expected, and it will become Taaleri's by far largest balance sheet investment. We view the arrangement positively and see the entry of a principal owner specialized in the sector as a positive development.

Taaleri's strategy is currently progressing rapidly, and the Fintoil arrangement is an important concrete step in recycling the balance sheet and gradually restoring investor confidence.

Operationally, the figures were approximately in line with expectations, although write-downs weakened the reported figures.