Solidium has appointed Reima Rytsölä (born 1969) as its new CEO. Rytsölä currently acts as Deputy CEO in Varma Mutual Pension Insurance Company. He has previously held various management positions at Pohjola Bank Plc.“Reima Rytsölä has a long and versatile experience from finance sector and lately especially from demanding investment management positions. He has excellent knowledge of Solidium’s operational field and fulfils all the criterion that Solidium’s Board has outlined for the position”,... Read more

Solidium’s return on equity holdings was 7.9 per cent for the six-month period and 33.5 per cent for the full calendar year 2021 Solidium’s net asset value decreased by EUR 0.4 billion due to capital repayment and dividend, and was EUR 8.3 billion at the end of the period  Solidium’s CEO Antti Mäkinen’s comments: ”The calendar year 2021 return on Solidium’s equity investments was excellent (33.5 per cent) and we beat our benchmark indexes clearly. In the first half of 2021, the stock market wa... Read more

Solidium’s CEO, Antti Mäkinen, will leave his position as the CEO of Solidium on 31st May 2022. Mäkinen, 60, has acted as CEO of the company since year 2017. Read more

On 25 November 2021, the State of Finland transferred all of its 13,097,481 Anora Group Plc shares, which correspond to 19.4 % of Anora’s share capital, to Solidium Oy. The transfer value of the Anora shares equalled the closing price in public trading on 24 November 2021 on NASDAQ OMX Helsinki: €10.90 per share. As a result of the transfer, Solidium’s shareholders’ equity was increased by a sum equal to the total market value of the shares: approximately €143 million. Read more

The State of Finland, being the sole shareholder of Solidium Oy, has on 17 November 2021 resolved that Solidium on 19 November 2021 will transfer EUR 500 million to the State as a capital repayment from the reserve for invested non-restricted equity. Read more

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN OR INTO ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW Read more

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN OR INTO ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW Read more

Solidium’s Annual General Meeting was held in Helsinki on 28 October 2021. The Annual General Meeting adopted the company’s financial statements for the financial year 1 July 2020–30 June 2021 and discharged the members of the Board of Directors and the CEO from liability. In accordance with the Board’s proposal, the Annual General Meeting decided on a profit distribution of EUR 368 million to the owner. For a term ending at the end of the next Annual General Meeting, the following persons were ... Read more

The State of Finland, being the sole shareholder of Solidium Oy, has on 14 September 2021 resolved that Solidium will transfer all its shares in SSAB AB worth EUR 271 million as capital repayment to the State of Finland. Consequently, Solidium’s holding in SSAB will decrease from 6.3 per cent to 0.0 per cent and Solidium’s number of votes from 8.0 per cent to 0.0 per cent.Further information:   CEO Antti Mäkinen, tel. +358 (0)50 561 1501Solidium is a limited liability company wholly owned by the... Read more

Financial year 1 July 2020–30 June 2021 Read more