Thursday was a bullish day on the Helsinki Stock Exchange, the UPM cooperation helped Orthex rise


On Thursday, the general index of the Helsinki Stock Exchange ended up 0.37 percent to 11,027.94 points.

The most traded stocks of the day were at the top Sampo (-0,54 %), Nordea (-0.08 %) and Fortum (-0.68%). He was the hardest riser Savosolar (+13,15 %).

A merger of four companies North Holdings 3 started a voluntary purchase offer for all real estate maintenance companies on Thursday Caverion’s (+0.00%) of the shares at a price of EUR 7.00 per share. The purchase offer is expected to take place between January and March of next year.

An American venture capitalist Bainin the purchase offer of the consortium led by Savings Bank portfolio manager Olli Tuuri told Kauppalehti last week that the price cannot be considered good at all. Danish Bank the analyst, on the other hand, set a target price for the share that is one euro higher than the offer, which is unusual.

Inderes estimates the price of seven euros per share to be a good short-term compensation, but in relation to Caverion’s potential, at most an avoidable price. In its morning review, Inderes stated that “in our opinion, the possibility of a higher offer should not be ruled out yet, which is why we recommend investors to still monitor the progress of the bidding process.”

The shares and irrevocable commitments owned by the members of the business consortium represent approximately 42.5 percent of the shares. The purchase offer seeks a 90 percent ownership stake, which entitles the remaining shares to be expropriated.

Betolar expands its innovation center, Relais submitted an application for listing

Materials technology company Betolar (-1.54%) has made an investment decision to expand its innovation center in Kannonkoski next to the company’s current premises. The value of the investment is approximately EUR 0.8 million. The company says in the press release that an investment grant of 25% of the total costs will be applied for from the Central Finland ELY Center for the investment.

According to the company, the expansion of the innovation center enables the scaling of current laboratory operations, the implementation of broader and more versatile innovation programs, the study of new side streams and the testing of larger elements under standardized conditions.

Group Relay (+0.00%) says that it has submitted a listing application to Nasdaq Helsinki to list the company’s shares on the Nasdaq Helsinki stock exchange list. Relais has been listed on the Nasdaq First North Growth Market since October 2019. The shares are expected to start trading on the Nasdaq Helsinki stock exchange list on December 1, 2022.

Huhtamäki commissioned the expansion part of the factory, Endomines is planning a share issue

Packaging manufacturer Huhtamäki (-0.39%) today commissioned an expansion unit to its existing paper-based packaging manufacturing facility in Nules, Spain. The expansion part is 12,500 square meters in size. According to the company’s press release, the investment reflects the growing demand for renewable and recyclable paper-based packaging to replace rigid plastics.

“Our investment builds on our existing technological expertise and further improves our manufacturing capacity for innovative and sustainable paper-based packaging in Europe and offers our customers the opportunity to replace rigid plastic packaging driven by consumer demand,” said Huhtamäki’s director of the Fiber Foodservice Europe-Asia-Oceania business segment Eric Le Lay in the bulletin.

A mining company Endomines (-1.06%) says they are planning a 13 million euro initial public offering to speed up ore exploration on the Karelian gold line. In Ann, the company’s new shares would be offered to the public in Finland and Sweden.

“The purpose of the initial public offering is to enable large-scale exploration drilling on the Karelia gold line and to create the conditions for future growth and the implementation of the previously announced new strategy,” the company says in a press release.

An order from Indonesia for Metso Outotec, Orthex and UPM to cooperate

Metso Outotec (+1.21%) has received an order for a nickel laterite project in Indonesia. The order is recorded in the orders received in the fourth quarter of the Minerals segment. The value of the order is not disclosed. According to the company, the delivery includes several Planet Positive thickening products, such as High Rate, High Compression and Paste Thickening technologies.

Manufacturer of plastic household products Orthex (+6.12%) and a forest company UPM (-0.52%) reported on Thursday about the cooperation project. Orthex and UPM Raflatac intend to offer home products that are manufactured using recycled plastic, which would otherwise be at risk of ending up as plastic waste in the sea.

Orthex’s role in the collaboration is to produce raw material from recycled plastic, which consists of used fishing nets and ropes collected from ports in Scandinavia, Great Britain and Northern Europe. UPM Raflatac, on the other hand, manufactures Ocean Action sticker material from Ocean bound plastic, which, according to OBPCert’s definition, is plastic waste that has been collected within a 50 kilometer radius of the coastline and is at risk of ending up in the sea.

“Orthex’s products made from used fishing nets and UPM Raflatac’s Ocean Action sticker material are a perfect combination and a concrete example of how cooperation between companies and ingenuity can be used to develop and manufacture new products from recycled materials,” UPM Raflatac’s head of consumer product development Eliisa Laurikainen says.

Management team changes in several companies

Drug dealer Oriolan (-0.56%) will become digitization director and member of the management team The sophigate CEO of the Danish subsidiary Mikael Nurmi. Nurmi will start his position in the first half of 2023.

Developing medical artificial intelligence by Aiforia Technologies (+1.70%) Director of Business Development Kari Pitkänen will retire at the beginning of next year. He is one of the company’s founders and has been a member of the management team since 2013. Pitkänen will continue in the company in the role of advisor.

Customer communication software company Leaddeskin (+4.18%) sales director and member of the management team Timo Kättö is moving out of the company by 31 December 2022. In the future, the CEO of Leaddesk will be responsible for the task Olli Nokso-Koivisto.


Source: Arvopaperi by www.arvopaperi.fi.

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