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FinnFund to invest in TPL
July 2, 2021
KARACHI: The Finnish Fund for Industrial Cooperation Limited (Finnfund) has shown interest to make equity investment in TPL Insurance Limited, a statement said on Thursday.
Finnfund has entered into a letter of intent, with TPL Insurance, it said. Upon completion of successful legal and financial due diligence and obtaining all regulatory approvals, Finnfund would look to invest in TPL Insurance, it added.
Finnfund, incorporated in Finland, is a major development financier and impact investor, investing in responsible and profitable businesses in the developing countries.
TPL Insurance is the first insurance company in Pakistan to sell general insurance products directly to the consumer. It provides a complete range of innovative insurance solutions.