Q1 21 provided a first glimpse of the new Taaleri, as the transaction with Aktia regarding Taaleri’s Wealth Management operations was completed at the end of April 2021. The first batch of extraordinary dividend has been proposed at a total of EUR1.0 per share and the next step for Taaleri is to find use for the profit from the sale (EUR110m) to boost both organic and inorganic growth.
We tighten our fair value range to EUR10.0-11.5 (previously EUR9.5-11.5) as the Aktia deal has now officially gone through. In the future, Taaleri’s sum-of-the-parts valuation will be dependent on how much the company is able to channel the profit from the sale of Wealth Management to its ongoing operations, either in the form of boosting organic growth or looking into M&A, as the company has communicated.
Lähde: Finwire News