Privatization of Altia Plc (FI) through Initial public offering on the Main List of Nasdaq Helsinki

Altia Plc announced the outcome of the initial public offering of its shares and listing on Nasdaq Helsinki. The Offering attracted strong interest among Finnish and international institutional investors as well as the general public in Finland. The Offering was over-subscribed multiple times.

The offering in brief

  • The Board of Directors of Altia Plc with the State of Finland decided that the maximum number of sale shares preliminarily offered for purchase would be sold in the Share Sale
  • The subscription price for the Sale Shares was set to EUR 7.50 per Sale Share in the Share Sale, and EUR 6.75 per Personnel Share in the Personnel Offering
  • The Company’s market capitalization was approximately EUR 271.1 million following the IPO

Altia is a leading Nordic alcoholic beverage company operating in the wines and spirits markets in the Nordic countries, Estonia and Latvia. Altia produces, imports, markets, sells and distributes both own and partner brand beverages. The Company also has production in Cognac, France. Furthermore, Altia exports alcoholic beverages to approximately 30 countries, most of which are in Europe, Asia and North America. Altia’s own core brands are Koskenkorva, Chill Out, Blossa, Larsen, O.P. Anderson, Renault, Xanté and Valhalla. Altia’s net sales in 2017 were EUR 359.0 million and the Company employs about 700 professionals. Altia wants to enhance a modern, responsible Nordic drinking culture.

Carnegie acted as Joint Bookrunner in the IPO.

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