In June 2017 Rettig ICC signed a sale-and-leaseback agreement with Warehouses De Pauw (WDP), a Belgian real-estate investment trust (REIT). WDP acquired Rettig ICC's industrial site in Zonhoven, Belgium, for circa EUR 17 million. Rettig ICC has leased the site back for a ten year term, with an option to extend. The transaction was completed on 13 September 2017.
In July 2017 Perttu Louhiluoto was appointed new CEO of Rettig ICC as Neil Macpherson will retire at the end of 2017. He will begin in his new role on 1 November 2017.
In September 2017 Rettig Group announced its intention to invest in Terveystalo Plc, a leading healthcare service company in Finland. As one of the cornerstone investors, Rettig Group committed to invest in 10.1% of the shares outstanding, subject to certain conditions being fulfilled, following completion of the Initial Public Offering (IPO). The IPO of Terveystalo was oversubscribed and the trading of the company’s shares started on the prelist of Nasdaq Helsinki on 11 October 2017 and on the official list on 13 October 2017.
In Rettig Group’s criteria for new core investments (published in 2016) we define that our investments are typically headquartered in Finland or Sweden. Subsequently we have further developed our strategy and vision and as a result aim now to be a leading investment company in the Nordics. To work toward this goal and to support possible future investments in Sweden, we have during the fall established a wholly-owned subsidiary in Stockholm, Sweden.
We see some signs of modest economic growth and slightly higher demand in our main markets. Higher political uncertainty globally could impact the stability of the financial markets and demand for our products and services.
Rettig Group will publish its annual report for 2017, including its full year financial result, on 1 March 2018. The January-March Interim Management Statement will be published on 27 April 2017, January-June interim report on 24 August 2018 and January-September Interim Management Statement on 30 October 2018.
Pia Dahlqvist, Communications Director, Rettig Group Tel. +358 (0)40 5267813
Rettig Group is a Finnish family held investment company that creates value for generations through active and responsible ownership. Our investments include Rettig ICC (indoor climate comfort), Nordkalk (limestone), Alandia (insurance), eQ (asset management and corporate finance) and Anchor (financial investments). Through these businesses Rettig Group is active in about 28 countries globally and employs over 4,000 people. www.rettig.fi
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