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Hannes Snellman Counsel to Lemminkäinen in the Combination of Lemminkäinen and YIT

Hannes Snellman acted as counsel to Lemminkäinen Corporation in the combination of Lemminkäinen Corporation and YIT Corporation through a statutory merger.  The combination is a strategically important leap to create a platform to grow to one of the leading urban developers in the Northern European construction market. The preliminary combined annual revenue of the combined company is approximately EUR 3.4 billion. The combined company will have approximately 10,000 employees located in 11 different countries.

Transfer Tax Not to be Levied on Bank Loans Refinanced in Connection With an Acquisition of a Real Estate Holding Company, Says Court

Our Tax & Structuring team has assisted one of our clients in yet another successful court proceeding. The proceeding was initiated by the Finnish tax authorities’ interpretation whereby Finnish share transfer tax should also be levied on bank loans which are refinanced in connection with the acquisition of a real estate holding company. The latest reform on rules regarding share transfer tax, which has been in force since 1 March 2013, widened the share transfer tax base to also cover sc.

Hannes Snellman Counsel to EQT in the Acquisition of the Majority of the Shares in DGC One and the Mandatory Takeover Offer for the Remaining Shares (Transaction Value SEK 2.3 billion)

EQT has today announced that they have acquired shares corresponding to 85.2 percent of the total number of shares and votes in DGC One AB (publ) (“DGC One”), and thereby passing the mandatory bid threshold. EQT has acquired the shares at a price of SEK 250 per share, valuing DGC One to approximately SEK 2.3 billion. EQT has today also launched a mandatory takeover offer for the remaining shares in DGC. 

Hannes Snellman Counsel to Coupa Software in the Acquisition of Trade Extensions

Nasdaq-listed Coupa Software, a leader in cloud-based spend management, has acquired Trade Extensions to make it easier for organizations to reduce supply chain risk, increase profit margins and achieve operational compliance.

Trade Extensions offers a strategic sourcing and advanced optimization platform used by many of the world’s largest brands to run sourcing projects for the most complex categories, such as transportation and logistics, production planning and supply chain design.

Finnish Tax Agency's Attempt to Increase Tax Burden of Earn Out Payments Defeated in Court

Hannes Snellman's Tax & Structuring team assisted a taxpayer in court proceedings, which secured earn-out payments received from the sale of shares being taxed as normal capital income. The Finnish tax authorities claimed that taxation should be assessed at the highest progressive tax rates applicable to salary income. These claims were based, among other things, on the earn-out payments' conditional nature and dependance on the continuing employment of the seller in the target company.

Hannes Snellman Counsel to Valedo in the Investment in BRP Systems

BRP Systems and Valedo have entered into a strategic partnership for acceleration of expansion and growth. The partnership secures additional resources and competence to fuel BRP’s continued development of BRP’s technical market leading ERP software and services for membership handling, booking and payment solutions to fitness facility operators in the Nordics and Europe.


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