EAB Group Oyj
EAB.HE
NASDAQ Helsinki3.01
EUR
-0.08
- -
EAB Group Oyj
EAB.HE
(NASDAQ Helsinki)
Recent
price
3.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- EAB Group Oyj, formerly Elite Varainhoito Oyj, is a Finland-based provider of investment services that offers asset management and fund investment services to private investors, institutions, and investment professionals. The company provides mutual funds, alternative investment funds including private equity, real estate, forestry, debt, and infrastructure funds; full mandate wealth management; institutional asset management; fund administration; insurance agency services through Elite Assurance Services Ltd and Elite Life Ltd; capital fund services via EPL Funds Ltd; and legal family office services through Elite Law Ltd. It operates primarily in Finland from its headquarters at Aleksanterinkatu 19, Helsinki, with additional locations across the country, and maintains subsidiaries such as Alfred Berg Omaisuudenhoito Suomi Oy, Alfred Berg Rahastoyhtio Oy, Auta Invest Oy, TL Trade Oy, and Smart Money Oy. Founded in 2001, EAB Group strengthened its asset management capabilities through the 2017 acquisition of Alfred Berg Finland, growing assets under management to approximately EUR 3.2 billion as of recent reports. In a major strategic development, EAB Group merged into Evli Plc via a statutory absorption merger completed on October 1, 2022, enhancing Evli's offerings in alternative investments, digital services, and wealth management while achieving estimated annual synergies of EUR 8 million; EAB Group was subsequently dissolved, with its shareholders receiving Evli shares and cash consideration.