Investment Summary

Solidium Oy Invests In Nokian Renkaat

On March 19, 2019, Solidium Oy invested in automotive company Nokian Renkaat

Investment Highlights
  • This is Solidium Oy’s 1st transaction in the Automotive sector.
  • This is Solidium Oy’s 2nd transaction in Finland.

Investment Summary

Date 2019-03-19
Target Nokian Renkaat
Sector Automotive
Investor(s) Solidium Oy
Deal Type Stake Purchase

Target

Nokian Renkaat

Nokia, Finland
Nokian Renkaat is a tyre manufacturer that offers peace of mind in all conditions. Sustainable safety and eco-friendliness across the entire life cycle are the goals for our passenger car tyres, truck tyres and heavy tyres. Nokian Renkaat was founded in 1898 and is based in Nokia, Finland.

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Investor(S) 1

Investor

Solidium Oy

Helsinki, Finland

Category Company
Sector Financial Services
DESCRIPTION

Solidium Oy is a limited company wholly owned by the State of Finland. The basis and core objective of Solidium's strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in twelve listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Talvivaara Mining Company, Telia Company, Tieto and Valmet.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
Country: Finland M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Konecranes

Hyvinkaa, Finland

Konecranes is an engineering group specialising in advanced overhead lifting solutions and maintenance services. The company's customers span virtually every industry, and its products are used in harbours around the globe. Konecranes was founded in 1910 and is based in Hyvinkaa, Finland.

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