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Anvia Plc : Share swap in which Finda Oy will become a shareholder of Anvia Telecom Ltd and Anvia Plc a shareholder of Finda Oy.

07 Apr 2016

We acted as the advisor to Anvia Plc when it agreed with Finda Oy on a transaction through which Finda Oy will become a shareholder of Anvia Plc’s subsidiary Anvia Telecom Ltd with a 42% holding. In exchange, Finda Oy will direct a share issue to Anvia Plc. After the transaction has been completed, Anvia Plc will own 13% of Finda. The value of the transaction is approximately EUR 50 million. The completion of the transaction is subject to the approval of the Finnish Competition and Consumer Authority and is estimated to take place during the second quarter of 2016.

Matter Type
Fund/Investment Management
Industry
Technology, Media & Telecoms
News Category
Technology, Media & Telecoms