Inside Information: Strategic review of Tietoevry Banking concluded, Banking continues as a specialized business in the Group - value currently not maximized through a listing or sale
Tietoevry Corporation INSIDE INFORMATION 25 April 2024 8:30 a.m. EEST On 22 July 2022, Tietoevry announced a strategic review of its Banking business, including a process to study its potential separation into an independent company that would be listed on a stock exchange. On 15 February, 2024 a demerger plan concerning a partial demerger of Tietoevry Banking was approved by Tietoevry’s Board of Directors, while retaining the optionality to pursue other alternatives for Tietoevry Banking before completion of the demerger, if in the best interests of Tietoevry and its shareholders.