Recent Buy: Kemira Oyj

This was a bit unplanned move but state owned Solidium decided to sell 8 million shares of Kemira. They got 16,20 EUR per share which translated to a discount of about 2 EUR per share. At the time it wasn’t clear who bought these but I decided to jump in and bought additional 90 shares for the said price of 16,20 EUR per share. I didn’t consider this to be exceptionally good price but still significant drop with potential for quick rebound. Since then it was published that about 1.5 million shares were bought by Oras Invest. This is good news as they are already significant shareholders and – as family type of affair – likely in it for the long haul. Without any additional surprises or special circumstances I consider this position now to be full.