Investors House: CEO departure, Services separation cancelled and Fund business to be sold - Nordea
Investors House announced three separate changes today.
ANNONS
First, the company will sharpen its focus and will sell its Fund business for EUR 0.9m, which equals the book value of the business. We view the sales of the Fund business as rather neutral, and it worth noting that the divesement will improve Investors House's earnings by EUR 0.15m annually.
Second, the company will terminate the process of listing its Service business separately. We also view this as neutral as the Service business is small in size and would likely not have become an interesting listed company on its own due to its size.
Third, CEO Petri Roininen will leave his CEO role during 2026 while he is proposed to be the Chairman of the Board of Investors House at the AGM on 14 April 2026. No new CEO has been announced as of yet. We view the departure as slightly negative as we argue Mr. Roininen has had a central role in navigating the company in the past decade with several significant transactions made that have created value for the shareholders.
We view the news announced today as somewhat negative as a whole.
