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Danish wealth manager invests in solar heating company

Artha, which invests on behalf of hundreds of wealthy families, has purchased shares in Heliac.

Photo: Heliac/Artha

Artha, an asset manager with over EUR 2bn (DKK 15bn) in AUM provided by over 600 wealthy families, has bought a 34 percent ownership share in solar-powered heating company Heliac.

The manager reveals that it paid EUR 11m (DKK 82 million) for the shares, and CEO Jan Severin Sølbæk thinks it will pay for itself 22-43 times.

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