Evli plans merger to become leading Nordic asset manager
Two Finnish asset managers plan a merger to become one of the leading Nordic managers. If the planned merger takes place, Elite Alfred Berg will be absorbed into Evli by the end of 2022.
Finland’s Evli Plc and Elite Alfred Berg Group Plc (EAB) have signed a letter of intent to look into ”a potential combination of Evli’s and EAB’s operations.” A letter of intent does not obligate the parties to complete the merger, but the two firms are expected to sign agreements in May and complete the process during the second half of 2022.
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