Taaleri has announced that it is investing EUR 30m in Fintoil, as part of Fintoil's financing round. Fintoil is a biorefinery in Hamina specialising in the refining of crude tall oil (CTO), its products are used in biofuels and biochemicals as replacements for fossil-based raw materials. Taaleri's indirect ownership stake in Fintoil Hamina Oy will be approximately 35 per cent (39.6 per cent at 31 March 2026), following the closing of the transaction. Overall, we find the decision to increase investments into Fintoil as largely expected and aligned with Taaleri's strategy of direct investments. The arrangement strengthens Fintoil’s balance sheet and supports the ability to execute its growth strategy but is estimated by Taaleri not to have a material impact on Taaleri's short-term financial outlook.