Beskrivning
| Land | Finland |
|---|---|
| Lista | First North Finland |
| Sektor | Fastigheter |
| Industri | Förvaltning |
Company release, Insider information, 22 May 2025 at 17:00 p.m.
Toivo Group Plc (“Toivo” or the “Company”) announced on 14 February 2025 that it had signed a preliminary agreement (the “Preliminary Agreement”) regarding the acquisition of the share capital of its associated company E-Heat Oy (the “Transaction”). Negotiations concerning the Transaction have continued since the signing of the Preliminary Agreement. However, due to factors including a potential change in Finland’s electricity tax classification, no final decisions regarding the Transaction have yet been made.
Today, Toivo has agreed with the founding shareholders of E-Heat Oy to continue negotiations regarding the Transaction. Final decisions related to the Transaction will be made once there is sufficient clarity on the potential change in Finland’s electricity tax classification, expected by the end of 2025 at the latest. The Transaction may involve the acquisition of either all or part of the share capital of E-Heat Oy.
As part of the continued negotiations, Toivo has committed to providing a guarantee of approximately EUR 0.675 million on behalf of E-Heat Oy. This guarantee is part of E-Heat Oy’s EUR 6 million investment program for 2025 and is intended to support the arrangement of growth financing to enable the expansion of E-Heat Oy’s business.
Further details regarding the Transaction and its terms will be disclosed once final decisions have been made. The completion of the Transaction is subject to, among other things, the satisfactory completion of a due diligence review by Toivo. The Transaction is also subject to other customary conditions and uncertainties typical of corporate acquisitions. Toivo is under no obligation to complete the Transaction or any similar arrangement.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
Certified Adviser: Nordic Certified Advisor
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience in the real estate business.
Toivo’s revenue in 2024 was EUR 39,8 million and its operating profit was EUR 4,5 million.