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Banking & Finance, Capital Markets, M&A & Private Equity, Tax / 12 May 2015

Borenius advised CapMan in acquiring 28.7% of Norvestia’s shares

We advised CapMan, a NASDAQ OMX Helsinki listed company, in its acquisition of 28.7% of Norvestia’s (also listed on NASDAQ OMX Helsinki) shares from Kaupthing. The deal is split in two tranches of 21.7% and 7%, the latter part taking place after an Extraordinary General Meeting has resolved on the combination of Norvestia’s existing share classes and the changing of its board of directors. The process involved consultation with the Finnish Financial Supervisory Authority to ensure that the parties are not acting in concert, evaluation and consultation with the competition authorities on the calculation of Norvestia’s turnover for merger control purposes, tax structuring and the provision of a full financing package.

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