Pension insurance company Etera’s extraordinary general meeting has approved the plan to merge Etera and Ilmarinen. The two companies intend to merge on 1 January 2018.
On 12th September 2017, Etera’s extraordinary general meeting approved a proposal by the boards of Etera and Ilmarinen concerning a merger. A merger of the two companies will result in a solvent and cost-effective earnings-related pension company with the most competitive customer benefits in the sector.
“With this merger, the goal is to spur on the entire earnings-related pension industry. It’s easy to be on board with that objective, both on a personal level and on behalf of all Etera employees,” says Etera’s Managing Director, Stefan Björkman.
The boards of Etera and Ilmarinen approved the merger agreement in June. In its statement of 31 August 2017, the Finnish Competition and Consumer Authority stated that it sees no obstacle to the merger in competition law. Ilmarinen is expected to decide on the merger at its extraordinary general meeting on 14 September 2017. The merger is subject to approval by the Financial Supervisory Authority.
By combining the strengths of Etera and Ilmarinen, the goal is to build an innovative and agile service company that offers increasingly diverse and high-quality services.
Stefan Björkman, Managing Director, tel. +358 50 63219, firstname.lastname@example.org
Etera and Ilmarinen to merge – customers will benefit from improved cost-effectiveness