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Finnish firm to acquire 20pc stake in cytonn

Cytonn Managing Partner and Chief Executive Officer Edwin Dande (right) with the firm’s Technologies Business Manager Daniel Mainye during the release of the company’s Q3 results last year. FILE PHOTO | NMG

By  JAMES NGUNJIRI

Finnish financial group Taaleri is set to acquire a 20 per cent stake of private equity investment firm Cytonn. The move is meant to provide the investment firm with a strong anchor investor ahead of its Initial Public Offering (IPO) scheduled for next year.

Taaleri is a subsidiary of Taaleri Plc which is listed on Nasdaq Helsinki’s stock exchange.

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