Jameson Legal

 

Resource

 

 

 

 

 

 

 

 

 

 

 

We advised in corporate transactions: Norra temporarily into Finnair’s ownership

24 Oct 2017

Eversheds Attorneys advised in corporate transactions resulting in that Norra will be temporarily transferred into the ownership of Finnair. In the arrangement, Finnair acquired 60 per cent of the shares of Nordic Regional Airlines AB (Norra) from StaffPoint Holding Oy (StaffPoint) and Kilco Oy. Before the transaction, Finnair owned 40 per cent of Norra. The transaction has no impact on Norra’s operations or personnel.

After the transaction, Norra will be temporarily wholly owned by Finnair. Finnair aims to find a new majority owner for Norra. The transaction is subject to the approval of the Competition and Consumer Authority.

Norra operates Finnair’s domestic and European routes as purchased traffic with 24 ATR and Embraer aircrafts. StaffPoint and Kilco will withdraw from Norra's ownership following StaffPoint’s ownership arrangement disclosed on 5 October 2017.

Matter Type
Corporate
Industry
Transport & Logistics
News Category
Corporate & Commercial