We advised the European Investment Bank (EIB) in the financial arrangements for the bioproduct mill to be constructed by Metsä Fibre in Äänekoski, Finland. Valued in total at EUR 1.2 billion, the investment project is the largest ever carried out by the forest industry in Finland. In addition to the EIB, six commercial banks, Finnvera plc, the Swedish Export Credits Guarantee Board (EKN) and the Swedish Export Credit Corporation are also participating in the financial arrangements.

The Castrén & Snellman team was headed by Partner Jarno Tanhuanpää, and the transaction team included Partner Sakari Lukinmaa and Associate Kalle Maijala from our Banking & Finance service.