Kyösti Kakkonen accuses Administer’s major owners of greed in Talouselämä:
"Veteran investor Kyösti Kakkonen has a clear vision for the companies to be purged from his portfolio. Both construction consulting firm Solwers and financial and payroll management company Administer are getting a piece of his mind.
‘Both companies have betrayed their shareholder promises as early as the listing phase.’
According to Kakkonen, the companies were listed at overinflated prices. Since the IPO, the share price has dropped significantly.
‘The listing prices were not based on economic realism, but on the greed of the major owners,’ Kakkonen says."
In the IPO, among the largest owners, only Bocap, owned by Kakkonen’s spouse Julianna Borsos, made an exit.
Well, Gordon Gekko would surely have noted: well done.