Helsinki [Finland], September 20: Finland will list Posti Group Corporation, its state-owned postal and logistics company, on the Nasdaq Helsinki stock exchange to boost competitiveness and growth.
The government will remain the majority shareholder but sell part of its stake, while Posti will issue shares to employees. The listing is intended to expand ownership, improve financial flexibility and raise the company's market profile.
This process is expected to stimulate economic activity and public discussion, according to Joakim Strand, minister for European Affairs and Ownership Steering.
Officials said the state reviewed Posti's market readiness over the past year and noted it paid an extra 150 million euros (about 176 million U.S. dollars) in dividends in January as part of broader financing plans.
The government stressed the listing will not affect Posti's universal service obligation under the Postal Act or the temporary state subsidy for newspaper delivery.
Founded in 1638, Posti employs about 15,000 people and reported 2024 net sales of 1.52 billion euros, down from 1.65 billion in 2022. The company posted an operating loss in 2023 as shrinking letter volumes and weak Nordic logistics demand pressured profitability despite efficiency and automation measures.
Source: Xinhua News Agency
