Today, Virala Acquisition Company (VAC), the first company listed in the SPAC segment on the Helsinki Stock Exchange, and Purmo Group signed a merger agreement. Purmo is one of the leading international suppliers of sustainable indoor air solutions and a subsidiary of the family-run Rettig Group. After the merger, the new merged company will apply to be listed on the Helsinki Stock Exchange. This is expected to be completed by the end of December 2021. In the merger, the debt-free value of the Purmo Group will be EUR 685 million (EV). We will start coverage of Purmo after the transaction has been completed.