Finnish Financial Supervisory 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.

Nordea Bank Abp: Norwegian Systemic Risk Buffer partially reciprocated by Finnish Financial Supervisory Authority and applicable to Nordea from 1 July 2024

Retrieved on: 
Thursday, June 29, 2023
RNS, Finnish Financial Supervisory Authority, London Stock Exchange, Financial Conduct Authority, Policy, Common equity, London, United Kingdom, EET, Nordea

As previously announced, the Norwegian Ministry of Finance has implemented a Systemic Risk Buffer (SyRB) of 4.5% for exposures located in Norway.

Key Points: 
  • As previously announced, the Norwegian Ministry of Finance has implemented a Systemic Risk Buffer (SyRB) of 4.5% for exposures located in Norway.
  • Today, the Finnish Financial Supervisory Authority (FIN-FSA) announced a decision to partially reciprocate the Norwegian SyRB at a level of 3.5% in the capital requirement for Finnish banks.
  • The FIN-FSA decision means that Nordea's Common Equity Tier 1 (CET1) requirement will increase by approximately 50bp.
  • The increased requirement will apply from 1 July 2024 and is not expected to impact Nordea's capital return plans as previously communicated.

EQS-News: Multitude SE publishes its bond prospectus and applies for listing of bonds on Nasdaq Stockholm

Retrieved on: 
Thursday, June 15, 2023
Prospectus, Finnish Financial Supervisory Authority, Multitude, Swedish financial transaction tax, Nasdaq Stockholm, EURIBOR, Security (finance), Bond

Helsinki, 14 June 2023 - Multitude SE ("Multitude" or the "Company") has issued senior unsecured bonds of EUR 50,000,000 under a framework of up to EUR 150,000,000 on 21 December 2022 on the Swedish and German bond market.

Key Points: 
  • Helsinki, 14 June 2023 - Multitude SE ("Multitude" or the "Company") has issued senior unsecured bonds of EUR 50,000,000 under a framework of up to EUR 150,000,000 on 21 December 2022 on the Swedish and German bond market.
  • The bonds carry a floating interest rate of EURIBOR 3m + 7.50 per cent.
  • The Prospectus is available in English together with a Swedish translation of the summary on the Company's website at https://www.multitude.com/investors/fixed-income-investors/multitude-se.
  • The Company has today submitted an application for listing of the Bonds on the corporate bond list at Nasdaq Stockholm.

Aliaxis Becomes the Second Largest Shareholder in Uponor With a 10.6 Percent Ownership and Reiterates Its Long-term Interest

Retrieved on: 
Monday, April 24, 2023
Agriculture, Natural Resources, Alternative Energy, Energy, Utilities, BY, Treasury, NOT, AFRICA, FOR, Finnish Financial Supervisory Authority, Nasdaq Helsinki, EUR, Acquisition, Security (finance), Cryptocurrency, Uponor

Aliaxis has doubled its share ownership in Uponor from 5.0 percent on 17 April 2023 to 10.6 percent.

Key Points: 
  • Aliaxis has doubled its share ownership in Uponor from 5.0 percent on 17 April 2023 to 10.6 percent.
  • Aliaxis currently holds 7,733,966 shares from the total of 73,206,944 issued shares in Uponor.
  • Aliaxis is now Uponor's second largest shareholder and looks forward to constructively engaging with the Board of Directors of Uponor regarding its potential offer.
  • We are now the second largest shareholder of Uponor, with over 10 percent of all outstanding shares.

Inside Information: Aliaxis, a Leader in Water Management Solutions, Announces a Non-Binding Intention to Make an All-Cash Public Tender Offer for Uponor Corporation

Retrieved on: 
Monday, April 17, 2023
Utilities, Energy, BY, NOT, AFRICA, FOR, Finnish Financial Supervisory Authority, Nasdaq Helsinki, EUR, Potential, Acquisition, Risk, Growth, R, Cryptocurrency, Risk management, Management, Security (finance), Marketing, Fine chemical, Offer and acceptance, Uponor

Such tender offer document would include all terms and conditions of the Potential Offer.

Key Points: 
  • Such tender offer document would include all terms and conditions of the Potential Offer.
  • The Potential Offer, if made, may only be accepted on the basis of said tender offer document.
  • There can be no guarantee that Aliaxis’ non-binding intention will eventually lead to the making of the Potential Offer.
  • These synergies could be achieved even if Aliaxis did not reach a 100 percent ownership of Uponor, which is fully reflected in the Potential Offer.

SEGA to Acquire Rovio Entertainment Oyj

Retrieved on: 
Monday, April 17, 2023
Mobile, Wireless, Technology, Electronic Games, Entertainment, Mobile Entertainment, Software, Audio, Video, Hardware, Data Management, Consumer Electronics, IDG, EUR1, Tender offer, IXIT Corporation, Finnish Financial Supervisory Authority, Law, Sonic the Hedgehog, Index, Creative Assembly, Hedgehog, EUR, IPS, US, Tender, FX, Acquisition, Consumer, Growth, Games as a service, SEGA, Sega, Murder in Finnish law, Video game, Security (finance), Rovio, Beacon

SEGA Corporation (the “Company”), a subsidiary of SEGA SAMMY HOLDINGS, at the meeting of its Board of Directors held on April 17, 2023, resolved to implement a tender offer (tender offer under the Finnish Law, the “Tender Offer”) to acquire Rovio Entertainment Oyj (“Rovio”), a mobile game company headquartered in Finland, through SEGA’s wholly-owned UK subsidiary SEGA Europe Limited (the “Acquisition”) and SEGA SAMMY HOLDINGS has entered into a definitive agreement with Rovio pursuant to which the Tender Offer is made.

Key Points: 
  • SEGA Corporation (the “Company”), a subsidiary of SEGA SAMMY HOLDINGS, at the meeting of its Board of Directors held on April 17, 2023, resolved to implement a tender offer (tender offer under the Finnish Law, the “Tender Offer”) to acquire Rovio Entertainment Oyj (“Rovio”), a mobile game company headquartered in Finland, through SEGA’s wholly-owned UK subsidiary SEGA Europe Limited (the “Acquisition”) and SEGA SAMMY HOLDINGS has entered into a definitive agreement with Rovio pursuant to which the Tender Offer is made.
  • Shareholders in Rovio who in aggregate hold shares corresponding to approximately 49.1 percent of the outstanding shares and votes in Rovio, have irrevocably undertaken to accept the Offer, subject to certain customary conditions.
  • Historically, as represented by the “Sonic the Hedgehog” series, SEGA has released countless video game titles to various gaming platforms.
  • Combining the strengths of Rovio and SEGA presents an incredibly exciting future.

Nordea Bank Abp: Nordea’s capital requirement for systemic risk

Retrieved on: 
Friday, March 31, 2023
European Central Bank, London Stock Exchange, Finnish Financial Supervisory Authority, Financial Conduct Authority, Finnish, Policy, Common equity, Central bank, EUR, London, ECB, United Kingdom, EET, FSA, RNS, Nordea

Nordea's Common Equity Tier 1 (CET1) requirement will increase by 100bp following the decision of the Finnish Financial Supervisory Authority (FSA) to impose a systemic risk buffer (SyRB) of 1.0% on banks in Finland.

Key Points: 
  • Nordea's Common Equity Tier 1 (CET1) requirement will increase by 100bp following the decision of the Finnish Financial Supervisory Authority (FSA) to impose a systemic risk buffer (SyRB) of 1.0% on banks in Finland.
  • The decision will apply from 1 April 2024 and is not expected to impact Nordea's capital return plans.
  • On 30 March 2023 the Finnish FSA published its decision to impose a SyRB of 1.0% to be applied by banks in Finland and to be met with CET1 capital.
  • Nordea has a clear capital and dividend policy, which includes pursuing an efficient capital structure and generating sustainable shareholder returns to the benefit of all shareholders.

CRAYFISH BIDCO OY, A FINNISH COMPANY CONTROLLED BY TRITON FUND V, ANNOUNCES A VOLUNTARY PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN CAVERION CORPORATION

Retrieved on: 
Tuesday, January 10, 2023
Tender offer, EEST, Offer and acceptance, Knowledge, Nasdaq Helsinki, Growth, EET, Completion, Bain Capital, European Commission, Regulation, Investment, FOR, ID, Disclosure, Royal commission, News, Chapter 11, Title 11, United States Code, LLP, J. P. Morgan, Failure, Tender, BY, Finnish Financial Supervisory Authority, Acquisition, Condition, Interest, DNB ASA, Treasury, EUR, AFRICA, Swedbank, Letter, NOT, Share, DACH, Security (finance), Cryptocurrency, Management, Insurance, Airline, Bank, Retail, Risk management, Medical device, Renewable energy, Financial services, Animal, Financial adviser, Auction, Credit, Triton, Caverion, Nordic, Share (finance)

HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer"). The shareholders of Caverion (other than Caverion or its subsidiaries) will be offered a cash consideration of EUR 8.00 for each Share validly tendered in the Tender Offer (the "Offer Price").

Key Points: 
  • HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer").
  • The Offer Price under the Tender Offer is EUR 8.00 in cash for each Share validly tendered in the Tender Offer, subject to any adjustments as set out in section "The Tender Offer in Brief" below.
  • The Offeror believes that the Tender Offer is a superior alternative to the shareholders of Caverion as compared to the pending Bain Capital Offer.
  • The Offeror expects to publish a tender offer document (the "Tender Offer Document") with detailed information on the Tender Offer on or about 30 January 2023.

CRAYFISH BIDCO OY, A FINNISH COMPANY CONTROLLED BY TRITON FUND V, ANNOUNCES A VOLUNTARY PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN CAVERION CORPORATION

Retrieved on: 
Tuesday, January 10, 2023
Tender offer, EEST, Offer and acceptance, Knowledge, Nasdaq Helsinki, Growth, EET, Completion, Bain Capital, European Commission, Regulation, Investment, FOR, ID, Disclosure, Royal commission, News, Chapter 11, Title 11, United States Code, LLP, J. P. Morgan, Failure, Tender, BY, Finnish Financial Supervisory Authority, Acquisition, Condition, Interest, DNB ASA, Treasury, EUR, AFRICA, Swedbank, Letter, NOT, Share, DACH, Security (finance), Cryptocurrency, Management, Insurance, Airline, Bank, Retail, Risk management, Medical device, Renewable energy, Financial services, Animal, Financial adviser, Auction, Credit, Triton, Caverion, Nordic, Share (finance)

HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer"). The shareholders of Caverion (other than Caverion or its subsidiaries) will be offered a cash consideration of EUR 8.00 for each Share validly tendered in the Tender Offer (the "Offer Price").

Key Points: 
  • HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer").
  • The Offer Price under the Tender Offer is EUR 8.00 in cash for each Share validly tendered in the Tender Offer, subject to any adjustments as set out in section "The Tender Offer in Brief" below.
  • The Offeror believes that the Tender Offer is a superior alternative to the shareholders of Caverion as compared to the pending Bain Capital Offer.
  • The Offeror expects to publish a tender offer document (the "Tender Offer Document") with detailed information on the Tender Offer on or about 30 January 2023.

DGAP-News: Mutares: Portfolio company Nordec Group Corporation is planning an IPO on the Finnish Nasdaq First North Growth Market

Retrieved on: 
Monday, May 30, 2022
Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Financial Services and Markets Act 2000, Legislation, CIO, MUX, Supervisory board, Finnish Financial Supervisory Authority, EUR, Donges, United Kingdom, Frankfurt Stock Exchange, Growth, Financial services, Regulated market, Prospectus, European Economic Area, Company, AFRICA, Relevance (Person of Interest), Offering, Adjustment, Efficiency, Communication, THE, HQ, THIS, ISIN, Nasdaq, Person, CEE, Forward-looking statement, Finance, Sale, Article, IPO, Security (finance), Medical device, Mutares, NEW ZEALAND, EU

The current shareholding of the present sole shareholder Donges is expected to decrease to below 50% as a result of the IPO.

Key Points: 
  • The current shareholding of the present sole shareholder Donges is expected to decrease to below 50% as a result of the IPO.
  • Nordec aims to raise gross proceeds of approximately EUR 7 million by offering new shares for subscription.
  • Should the Company decide to proceed with the Offering, the prospectus will be published on the Companys website at www.nordec.com .
  • As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding.