References/1 Jun 2022

Borenius represents EAB Group in its merger with Evli

Finnish listed companies Evli Plc and EAB Group Plc announced on 22 April 2022 that they have signed a letter of intent to look into the possibility of combining their operations and that the parties intend to sign the merger plan concerning the merger of the companies, the combination agreement and other transaction agreements relating to the combination during May 2022. As set out in the letter of intent, the Boards of Directors of Evli and EAB signed the Combination Agreement and the Merger Plan on 31 May 2022 in order to combine the companies through a merger. Borenius advises EAB in the merger.

The proposed combination will be carried out as a statutory absorption merger in accordance with the Finnish Companies Act, whereby EAB will merge into Evli. Upon completion, the shareholders of EAB will receive as merger consideration new series B shares in Evli and a cash consideration.

The objective of the combination is to create a combined company that would be one of the leading companies on the Helsinki Stock Exchange to offer investing and wealth management services with a broad expertise and a clientele that would cover institutions, corporations, and private persons. The combined company will have a strong financial position and good capabilities for future growth according to Evli’s strategy. Together Evli and EAB would create a larger combined company with the ability to conduct the companies’ current businesses with better operative efficiency in order to enable the achievement of synergies. After the combination, a broader range of products and services as well as a wider range of expertise will be available to its clients.

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Johan Roman

Partner

Helsinki

Juha Koponen

Partner

Helsinki, London, New York

Mia Mokkila

Partner

Helsinki

Team

Janna Järvinen

Associate

Helsinki

Nina Koivisto

Associate

Helsinki

Asko Lindqvist

Partner

Helsinki

Christel Nokkala

Senior Associate

Helsinki

Andreas Doepel

Counsel, General Counsel

Helsinki