OSLO (Reuters) - Finland's government said on Friday it planned to list state-owned postal services company Posti Group in an initial public offering on Helsinki's Nasdaq stock exchange. While the
Finland's government plans Posti Group IPO
Finland's Posti Group IPO Plans
OSLO (Reuters) - Finland's government said on Friday it planned to list state-owned postal services company Posti Group in an initial public offering on Helsinki's Nasdaq stock exchange.
Government's Share Sale
While the government would sell some of its Posti Group shares, boosting public finances, the state will remain a majority owner and a long-term investor in the company, the prime minister's office said in a statement.
Goals of the IPO
"The goal of the initial public offering and sale of shares would be to broaden Posti Group Corporation's ownership base and enable its growth to continue by increasing its financial flexibility," the government said.
Impact on Posti's Brand
A public listing will also contribute to strengthening the profile of Posti and its brand, it added.
(Reporting by Terje Solsvik; Editing by Jamie Freed)
