Wednesday, September 22, 2021

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Fellow Finance Plc & Evli: Signed a combination agreement

Fellow Finance Plc & Evli: Signed a combination agreement

  • Fellow Finance Plc offers the most advanced crowdfunding platform for people and businesses
  • The Combination Agreement sets out an arrangement (the “Arrangement”) by which Evli will demerge through a partial demerger
  • In connection with the Arrangement, New Evli, Taaleri Plc and a company owned by Fellow Finance’s CEO Teemu Nyholm will capitalise
  • The Arrangement is intended to be completed during the first half of 2022.
  • Evli announced on 22 January 2021 that its board of directors had decided to commence a strategic review
  • Aim is to be the leading Finnish customer-focused digital bank for individuals and SMEs as well as savers looking to receive interest income from deposits
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