Pontos becomes the largest shareholder of SRV through SRV’s directed share issue

News

Finnish family office Pontos Group has participated in the directed share issue of construction company SRV Group Plc, making Pontos, as of today, SRV’s largest shareholder with an approximate 17 percent ownership. In February 2020, Pontos announced its commitments to participate in the recent share issue and a rights issue to be carried out later.

Pontos is an active long-term owner. We want to develop the construction and real estate industry as a whole. “Pontos seeks to increase investments in the real estate industry on a wide scale, all the way from construction and real estate development to the ownership and usage of real estate. We are particularly interested in companies that digitalize and innovate the construction and real estate industry. Significant ownership of one of Finland’s largest construction firms strengthens Pontos’s presence in the industry significantly. Our experience in being an active owner, combined with our diverse and deep industry-specific expertise, hopefully makes us an interesting partner for the best companies in the field,”  says Timo Kokkila, the CEO of Pontos Group.

SRV is strongly positioned as a developer of cities through housing, commercial and infrastructure construction as well as energy and lifecycle services. The collaboration complements Pontos’ efforts to develop cities and population centers in a way that is sustainable for people and the environment.

“A thorough reconstruction process has been carried out at SRV in the past year, with the recent directed share issue and the upcoming rights issue which will be carried out in June. The company has a new management and a strong organization. It now has a solid foundation in an increasingly tight market situation. SRV is a significant investment for Pontos – we firmly believe in the company’s success and are fully invested in it,” says Ilpo Kokkila, Chairman of Pontos Group.

More information:

Timo Kokkila

timo.kokkila@pontos.fi

+358 50 555 7270

Ilpo Kokkila

ilpo.kokkila@pontos.fi

+358 40 048 5555

Pontos Group is a Finnish family office that invests in real estate, real estate development, real estate digitalization, growth companies and private equity funds. The company is an active and long-term owner committed to the continuous development of its portfolio companies. It invests in real estate and companies in Finland and its surrounding area as well as private equity funds globally. Pontos seeks to increase investments in the digitalization of the real estate industry and the development of real estate lifecycles, all the way from construction to usage. The company seeks to develop cities and population centers in a way that is sustainable for people and the environment. 

SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities. 

Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in selected growth centres in Finland and Russia. Our revenue in 2019 was EUR 1,061 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.