Posti Group IPO to improve its “financial flexibility”
Posti Group Corporation has announced that it is planning listing of its shares on the Official List of Nasdaq Helsinki Ltd. It is intended that in connection with the listing, the sole shareholder of the Company, the State of Finland, represented by the Ownership Steering Department of the Prime Minister’s Office, will offer shares it owns for purchase, and the Company will carry out a share issue to its personnel.
Information on the Offering
The objectives of the Offering are to expand Posti’s ownership base and enable the continued growth of Posti by improving its financial flexibility as a publicly listed company and strengthening recognition and awareness of Posti and its brand among investors, customers and other stakeholders.
The contemplated Offering is expected to consist of a share sale in which the sole shareholder of the Company, the State of Finland, represented by the Ownership Steering Department of the Prime Minister’s Office, will offer shares it owns for purchase (i) to private individuals and entities in Finland in a public offering and (ii) to institutional investors in Finland and, in accordance with applicable laws, internationally in an institutional offering.
Antti Jääskeläinen, President and CEO, comments: “Posti is a builder of a more functional society and an enabler of smoother everyday life for both consumers and businesses. We have several strengths and competitive advantages on which we build our future: our delivery network is comprehensive, our competitive position strong and our brand well known. One of our most important assets is our skilled and committed personnel. Our vision is to be an international, increasingly profitable delivery and fulfillment company. If completed, the listing would help us on this journey.”
Sanna Suvanto-Harsaae, Chair of the Board of Directors, comments: “Posti has a clear direction and strategy. The development of the financial result has been strong for several years and profitability has improved. The company has succeeded in expanding its market area as well as improved its operational efficiency. Ready for the future, Posti is in good shape and ready for the potential listing.”
Maija Strandberg, Director General at the Government Ownership Steering Department of the Prime Minister’s Office, comments: “The State’s responsible and long-term ownership policy supports Finland’s competitiveness, sustainable growth and stability through ownership. As an owner, the State must offer natural development paths to the companies it owns to support their growth. The sale of state-owned shares in connection with the contemplated listing has been carefully assessed and timed, and the State intends to remain the majority owner. We believe that the process would also have a stimulating effect on economic activity and social debate.
As an owner, we have analyzed the company and its readiness for listing, monitored market developments and assessed the timing from both the company’s and market’s perspective. Our aim is to create the best possible development path for the company while strengthening the State’s finances. The contemplated listing of Posti and the additional dividend of EUR 150 million paid by the company earlier in January 2025 are part of the financial arrangements for the investment programme under the Government Programme.”
