Finnish Competition and Consumer Authority

Crayfish BidCo has agreed conditional purchases of further Caverion shares which will, after FCCA approval, fulfill acceptance condition under tender offer; update on FCCA process

Retrieved on: 
Wednesday, October 18, 2023
BY, Finnish Financial Supervisory Authority, Tender offer, Tender, FOR, II, Consumer, Treasury, AFRICA, Varma Mutual Pension Insurance Company, NOT, Finnish Competition and Consumer Authority, Offer and acceptance, FCCA, Cryptocurrency, Security (finance), Pharmaceutical industry, Triton, Caverion

HELSINKI, Oct. 18, 2023 /PRNewswire/ -- Crayfish BidCo Oy has today published the following information through a stock exchange release:

Key Points: 
  • Together with the Offeror's current shareholding, the Shares to be acquired under the Conditional Share Purchases represent approximately 67.77 percent of all outstanding shares (excluding treasury shares) in Caverion, which exceeds the minimum acceptance condition of more than two-thirds (2/3) of all Shares under the Tender Offer.
  • Once the Divestment Commitment has been fulfilled, all regulatory approvals necessary for the completion of the Tender Offer will have been obtained.
  • At the same time, we have successfully concluded the FCCA's phase II investigation and received conditional merger control clearance for our tender offer in Finland.
  • The Offeror currently expects that the supplement to the Tender Offer Document will be published during October 2023.

EQS-News: Fourth acquisition in 2023: Mutares signed an agreement to acquire Recover Nordic Oy from Recover Group

Retrieved on: 
Saturday, July 8, 2023
Saskatchewan River Sturgeon Management Board, Regulated market, Finnish Competition and Consumer Authority, Frankfurt Stock Exchange, MUX, EUR, HQ, Water, Supervisory board, Disinfectant, ISIN, Growth, CIO, Security (finance), Mobile phone, Mutares, Palmia

Munich, 8 July 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Recover Nordic Oy from Recover Group.

Key Points: 
  • Munich, 8 July 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Recover Nordic Oy from Recover Group.
  • Recover Nordic Oy will strengthen Mutares´ Goods & Services segment as a new platform investment in Finland.
  • Recover Nordic Oy is a leading provider of property remediation services related to, for example, water and fire damages, odour, disinfection, and moisture.
  • Headquartered in Vantaa, and operating through its 19 branches, Recover Nordic Oy is able to reach ca.

Caverion strengthens its position in energy sector - Acquisition of TM Voima group's substation and transmission line business completed

Retrieved on: 
Wednesday, February 1, 2023
Growth, Finnish Competition and Consumer Authority, Electricity, Acquisition, Caverion, Electric power

Decentralised electricity generation and renewable energy transition are creating a significant need for upgrading electricity transmission and distribution systems.

Key Points: 
  • Decentralised electricity generation and renewable energy transition are creating a significant need for upgrading electricity transmission and distribution systems.
  • The acquisition will further strengthen Caverion's good position in the energy sector and enable growth especially in the substation business.
  • The approved acquisition includes TMV Service Oy, TMV Line Oy and TMV Power Oü, which are part of TM Voima group.
  • In 2021, the revenue of TM Voima group's substation and transmission line business amounted to EUR 30.5 million.

EQS-News: Fourteenth acquisition in 2022: Mutares signs agreement to acquire Palmia Oy from the City of Helsinki

Retrieved on: 
Sunday, December 18, 2022
Finnish Competition and Consumer Authority, City, CIO, Good Service Medal, Gold, Saskatchewan River Sturgeon Management Board, Palmia, ISIN, Goods, Regulated market, Mutares, HQ, Frankfurt Stock Exchange, EUR, Supervisory board, MUX, Food, Bank

within foods/restaurants, cleaning, real estate and security

Key Points: 
  • within foods/restaurants, cleaning, real estate and security
    Munich, 14 December 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Palmia Oy from the City of Helsinki.
  • Palmia Oy offers food, real estate, cleaning, and security services in 12 different municipalities throughout southern Finland.
  • The company was incorporated in 2015 by the City of Helsinki and generated revenue of EUR 104 million in 2021 with ca.
  • Johannes Laumann, CIO of Mutares SE & Co. KGaA, comments: „With this transaction Mutares further builds on its successful presence in Finland.

Business transfer between Metsä Fibre and Botnia Mill Service has been approved by the Finnish Competition and Consumer Authority

Retrieved on: 
Tuesday, June 28, 2022
Investor relations, Rauma, Finnish Competition and Consumer Authority, Maintenance

HELSINKI, June 28, 2022 /PRNewswire/ -- Caverion Corporation Stock exchange release 28 June 2022 at 11.30 a.m. EEST

Key Points: 
  • HELSINKI, June 28, 2022 /PRNewswire/ -- Caverion Corporation Stock exchange release 28 June 2022 at 11.30 a.m. EEST
    The Finnish Competition and Consumer Authority has approved, pursuant to Mets Fibre Oy's application, the arrangement whereby Mets Fibre Oy will take over the maintenance operations of their pulp mills and the Rauma sawmill as well as the related workshop and design services.
  • The operations are currently performed by Oy Botnia Mill Service Ab, a joint venture company owned by Caverion Industria Oy and Mets Fibre Oy.
  • The transaction will be carried out as a business transfer planned to take effect at the end of the year 2022.
  • More information on the arrangement has been published in stock exchange release on 16 May 2022.

The Finnish Competition and Consumer Authority confirms that the conditions on the divestment size in Caverion's Maintpartner transaction have been fulfilled

Retrieved on: 
Thursday, February 25, 2021
Caverion, Finnish Competition and Consumer Authority, Economy, Berlin Brandenburg Airport, Divestment, States of Germany

HELSINKI, Feb. 25, 2021 /PRNewswire/ -- The Finnish Competition and Consumer Authority (the "FCCA") has today confirmed that Caverion's divestment on 30 September 2020 did fulfil the conditions on the divestment size in Caverion's Maintpartner transaction.

Key Points: 
  • HELSINKI, Feb. 25, 2021 /PRNewswire/ -- The Finnish Competition and Consumer Authority (the "FCCA") has today confirmed that Caverion's divestment on 30 September 2020 did fulfil the conditions on the divestment size in Caverion's Maintpartner transaction.
  • Caverion completed the sale of certain Finnish operations of Caverion Industria Ltd to Elcoline Oy on 30 September 2020.
  • The FCCA approved that the sale of this business did fulfil the conditions on the divestment size in accordance with its decision.
  • Milena Hggstrm, Head of Investor Relations and External Communications, Caverion Corporation, tel.

The Finnish Competition and Consumer Authority has applied for a two-month Extension from the Market Court Concerning Caverion's Acquisition of Maintpartner's Operations in Finland, Estonia and Poland

Retrieved on: 
Tuesday, September 3, 2019
Finnish Competition and Consumer Authority, FCCA

The transaction is subject to approval by the competition authorities.

Key Points: 
  • The transaction is subject to approval by the competition authorities.
  • The Finnish Competition and Consumer Authority (the "FCCA") has with Caverion's consent applied for a two-month extension period from the Market Court for its further proceedings initiated on 20 June 2019.
  • The Market Court has on 3 September 2019 extended the deadline for clearance so that the final decision on the matter will be given at the latest on 24 November 2019.
  • Releases on the matter will be made available on the website of the FCCA (only available in Finnish) under: https://www.kkv.fi/ajankohtaista/Tiedotteet/2019 and on the website of the Market Court under: https://www.markkinaoikeus.fi/fi/index/paatokset/kilpailuasiat.html .

Highlights - Better enforcement and modernisation of EU consumer protection rules: plenary vote - Committee on the Internal Market and Consumer Protection

Retrieved on: 
Wednesday, April 24, 2019
Consumer protection, Consumer protection law, Regulatory compliance, Finnish Competition and Consumer Authority, United Nations Guidelines for Consumer Protection

Parliament adopted on 17 April by 474 for, 163 against and 14 abstentions the report "Better enforcement and modernisation of EU consumer protection rules" file, which is part of the New Deal for Consumers package.

Key Points: 
  • Parliament adopted on 17 April by 474 for, 163 against and 14 abstentions the report "Better enforcement and modernisation of EU consumer protection rules" file, which is part of the New Deal for Consumers package.
  • The proposed new rules aim at strengthening EU consumer rights and enforcement of existing consumer protection rules.
  • The same day, Members voted on the report on "Compliance with and enforcement of Union harmonisation legislation on products ".

Highlights - Beter enforcement and modernisation of EU consumer protection rules: plenary vote - Committee on the Internal Market and Consumer Protection

Retrieved on: 
Friday, April 12, 2019
Consumer protection law, Consumer protection, Market surveillance, Business law, Law, European Union law, Economy, European Union competition law, Finnish Competition and Consumer Authority

Parliament will vote on 16 April on the report "Better enforcement and modernisation of EU consumer protection rules" file, which is part of the New Deal for Consumers package.

Key Points: 
  • Parliament will vote on 16 April on the report "Better enforcement and modernisation of EU consumer protection rules" file, which is part of the New Deal for Consumers package.
  • The proposed new rules aim at strengthening EU consumer rights and enforcement of existing consumer protection rules.
  • The same day, Members will also vote on the report on "Market surveillance and compliance of products".