18/12/2020

Finnish Minerals Group divested its ownership in Sotkamo Silver

The company has sold all its shares in Sotkamo Silver AB.

FINNISH MINERALS GROUP has sold its 2.0 per cent holding in Sotkamo Silver AB through stock exchange transactions. The company will focus on managing its larger holdings in the mining industry and preparing investments in the battery value chain.

Sotkamo Silver's shares were transferred from the state-owned investment company Tesi to Finnish Minerals Group in 2018. In spring 2020, Finnish Minerals Group also subscribed for Sotkamo Silver's shares in proportion to its holding in a public share issue.

Sotkamo Silver manages and develops mineral deposits containing silver, gold, zinc and lead. The company's main project is the Silver Mine in Sotkamo, which started production in March 2019.

 

Further information:

CEO Matti Hietanen, +358 40 8238 806, matti.hietanen(at)mineralsgroup.fi

 

The mission of Finnish Minerals Group is to responsibly maximise the value of Finnish minerals. We manage the State’s mining industry shareholdings and strive to develop the Finnish value chain of lithium-ion batteries. In addition, we are engaged in long-term technology development of the mining and battery industry. Through our work, we contribute to Europe moving towards electric transport and a more sustainable future. www.mineralsgroup.fi