IFLR1000

Suominen Corporation €200 million reverse share split

22/3/2016
Restructuring
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€ 200 million

$ 220 million

Completed

22/3/2016

Overview:

  • Suominen Corporation has proposed a reverse share split, merging five shares as one share for the entire stock of shares.
  • The market value concerned amount to over €200 million.
  • Reverse share splits are a rare practice in Finland with the purpose being to increase the interest and trading of the company's shares. 

Wai Yee Tsang - Journalist

Jurisdiction:

Finland

Deal type:

Restructuring

Practice areas:

Capital markets : Equity
Restructuring and insolvency

Governing law:

Finland

Industry sector:

Industrials and manufacturing

Firm:
Merilampi Attorneys Ltd

Party: Suominen Corporation (Issuer)

Lawyer: Ari Keinänen

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