Altor has increased its financial interest in Mandatum by an additional 6.6% of the outstanding shares

Published

Feb 15 2024

Stockholm, 15/02/2024

We are pleased to announce that we, Altor Fund VI (“Altor”), have today increased our financial interest in Mandatum plc (“Mandatum”) by an additional 33 million shares, corresponding to 6.6% of the outstanding shares. Altor is the largest shareholder in Mandatum and following today’s increase has a total interest representing 16.6% of the outstanding shares.

About Altor

Since inception, the family of Altor funds has raised more than EUR 11 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Trioworld, OX2, Carnegie, Kaefer, FLSmidth, Rossignol and Toteme.

For more information visit www.altor.com

About Mandatum

Mandatum is the leading Finnish financial services provider offering a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, complimentary pension plans and personal risk insurance to corporates, retail customers as well as institutional and wealth management customers. Mandatum serves a network of 20,000 Finnish corporates and through its highly skilled sales force and customer relationship personnel, succeeds with cross-selling products from its broad and recognized offering. Mandatum has today approx. BEUR 11.9 in client assets under management across corporates, instituitional, wealth management and retail customers.

For more information visit www.mandatum.fi/en/