20181217 - Elementa prevails during global market unrest

Elementa generated returns of +2.9% for November through September, while global markets experienced significant setbacks. OMX Stockholm fell -8.51% during the same period. Kotipizza, a core position in Elementa’s portfolio, was one of the frontrunners during the period. In fact, on November 22, Orkla made an offer to acquire Kotipizza for EUR 23.00 per share.