References/9 Feb 2026

Borenius advises Ilmarinen on the divestment of its Fingrid ownership

We advise Ilmarinen on the sale of its 20% stake in Fingrid, the Finnish transmission system operator. The transaction involves the EUR 401 million sale of Class A shares to the Finnish state and the sale of Class B shares to OP Pohjola Kantaverkko Holding.

Ilmarinen is Finland’s largest private earnings-related pension insurance company.

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Service areas

Team

Christian Fogelholm

Partner

Helsinki

Joel Kättö

Partner

Helsinki

Jami Renholm

Senior Associate

Helsinki

Juha Koponen

Partner

Helsinki, London, New York

Heidi Malmberg

Partner

Helsinki, New York

Henriikka Piekkala

Counsel

Helsinki

Iida Mäkimattila

Senior Associate

Helsinki

Tuomas Enkkilä

Associate

Helsinki

Susanna Kaatiala

Senior Associate

Helsinki