This is indeed surprising news. I interpret the announcement to mean that they divested from this with roughly the same investment as originally made, which, of course, doesn’t reflect success in what they set out to achieve. However: I also liked this news, because originally, at the time of the E-Heat investment, I mainly wondered what kind of strange move this really was… Mainly, thoughts came to mind that their own core business was so completely in the mud that now they were just messing around in all directions to get at least some movement or even activity going. Activity. In other words, the original investment eroded my own faith in Toivo’s own business.
Now the wording of the announcement flatters that thought of mine from a year ago: good, good, now we focus on the core business… It’s hard to guess what made them change their mind and why they divested now (the official reason is just the official reason…). However, they came out dry-footed and probably without losses
. That’s how it looks to me. Perhaps my finger moved a little further away from the sell button
.