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

  • Finland

    24-10-2017

    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.

    For more information contact

    Harri Tolppanen, Managing Partner

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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