SSAB has today announced a SEK 5 billion rights issue. Solidium, a limited company wholly owned by the State of Finland, has a 17.1 % holding of all shares in SSAB and is thereby the company’s largest shareholder. Solidium and AB Industrivärden, SSAB’s other major shareholder, have both committed to subscribe for new shares pro rata their current holdings in SSAB.
EQT Mid Market Limited Partnership acquires Touhula Varhaiskasvatus Oy from Cor Group Oy, Industry Investment, Norvestia Plc and the acting management.
The Finnish government has agreed to sell 49.9 per cent of its shares in Patria Oyj to Kongsberg Defence & Aerospace AS for a purchase price of EUR 272 million.
Neste, Veolia and Borealis completed on 15 March 2016 a transaction under which the parties have agreed to create a joint venture company to build a new combined heat and power plant ("power plant") and produce and supply steam and other utilities to Neste's refinery and Borealis' petrochemical plant in Porvoo, Finland. The company, Kilpilahti Power Plant Limited ("KPP") will be owned 40% each by Neste and Veolia and 20% by Borealis.
Etib Holding has today announced a recommended public offer to the shareholders and holders of convertible notes in Nordic Service Partners Holding AB (NSP) to all outstanding A- and B-shares in NSP, as well as convertible notes issued by the company.
Adelis Equity Partners Fund I AB has entered an agreement with Sobro and minority shareholders to acquire a majority stake in Nordomatic AB. Completion of the acquisition is subject to approval by the Swedish Competition Authority, expected during the end of Q1-2016.
Hannes Snellman acted as counsel to Niam in its acquisition of a portfolio of six modern office properties from Elo Mutual Pension Insurance Company in two independent transactions. The portfolio comprises a total lettable area of approximately 77,000 sqm. All six properties are located within the Helsinki Metropolitan Area with three properties in Espoo, two in Vantaa and one in Helsinki.
Established in 2005, the Client Choice awards recognises those law firms and partners around the world that stand apart for the excellent client care they provide and the quality of their service. The criteria for the awards focus on an ability to add real value to clients' business above and beyond the other players in the market. Uniquely, law firms and partners can only be nominated for these awards by corporate counsel.
Discovery Networks Sweden and Modern Times Group (MTG) Sweden have established a joint venture to combine their regional advertising sales businesses for their respective flagship television channels in Sweden, Kanal 5 and TV3. The new 50:50 JV company, named Airtime Sales, initiated operations on 15 February 2016 as a strong new competitor to TV4, the dominant actor in regional TV advertising in Sweden.