FIN-FSA decided to grant the State of Finland and State Business Development Company (Vake Oy) exemption from the obligation, under chapter 11, section 19 of the Securities Markets Act, to launch a bid for Altia Plc

FIN-FSA Decision (J. No. Fiva 15/02.05.05/2020)

On 16 October 2020, the Financial Supervisory Authority (FIN-FSA), pursuant to chapter 11, section 26 of the Securities Markets Act (746/2012), decided to grant the State of Finland and State Business Development Company (Vake Oy) exemption from the obligation, under chapter 11, section 19 of the said Act, to launch a bid for Altia Plc.

Viewing the decision

The decision will be published on the FIN-FSA website Fin-fsa.fi and will also be available to view, until 27 November 2020, at the FIN-FSA premises at Snellmaninkatu 6, Helsinki.

An announcement of the publication of the decision will also be made on 6 November 2020 in the Official Gazette and in the newspapers Helsingin Sanomat and Hufvudstadsbladet.

An appeal against the findings of the decision may be lodged to the Helsinki Administrative Court within 30 days of notification of the decision. More detailed instructions on the appeal procedure are to be found in the instructions on the appeal procedure appended to the decision. Pursuant to section 62 of the Administrative Procedure Act (434/2003), all relevant parties are deemed to have received the decision on the seventh day following announcement of the decision in the Official Gazette.

For further information, please contact

Marianne Demecs, Market Supervisor, telephone +358 9 183 5366.

Helsinki, 6 November 2020

Financial Supervisory Authority

Decision (pdf, in Finnish)