Transactions in the Financial Sector(en) Archives - Castrén & Snellman

Multitude – Relocation from Finland to Switzerland

Transactions in the financial sector always require special expertise. For example, transfers of insurance portfolios call for detailed knowledge of regulatory issues and the insurance business as well as close dialogue with the relevant authorities.

Choosing an experienced advisor will enable you to identify regulatory risks in good time and plan the procedure to ensure that the arrangement can be completed swiftly.

Mergers and acquisitions
Transfers of business
Transfers of insurance portfolios
Corporate restructurings

Our clients include banks, insurance companies, investment service firms and fund management companies.

The Legal 500, IFLR1000, Chambers Europe and Chambers Global rank our services among Finland’s best.

Latest references

Savings Banks Group – Sale of Sb Life Insurance

We advised the Savings Banks Group on an arrangement whereby the shares in Sp-Henkivakuutus Oy were sold to Henki-Fennia and at the same time the parties agreed on a long-term distribution cooperation for insurance savings and loan protection products. The closing of the transaction remains subject to regulatory approvals. Sb Life Insurance is a domestic life insurance company, established in 2007, offering insurance savings and risk insurance products to private customers and companies. The Savings Banks and Oma Säästöpankki Oyj act as agents for Sp-Life Insurance. Henki-Fennia is a subsidiary of Keskinäinen Vakuutusyhtiö Fennia, specialising in voluntary life, pension and savings insurance.

Korkia Oy – Renewable energy loan agreement

We advised Korkia Oy in its loan agreement with Nordic Environment Finance Corporation. The financing will support the development and international scale-up of Korkia’s pipeline of solar energy, battery energy storage system (BESS) and onshore wind projects. Korkia is a dedicated investor in renewable energy operating in nine countries. It has a robust development pipeline of over 20 GW in renewable energy and energy storage projects.

Commerzbank – Vessel construction financing for Meyer Turku

We acted as the Finnish law legal advisor to Commerzbank AG, which served as the coordinator, bookrunner, documentation agent, facility agent and security agent of an international banking syndicate. This syndicate provided an ECA-covered construction financing facility of more than EUR 1 billion for the Finnish shipyard company Meyer Turku Oy. The loan facility will be used on the construction of one new passenger cruise ship. The newbuilding is the third of the ICON class. According to Meyer Turku Oy the ICON-class ships are the world’s most advanced and the most environmentally friendly cruise ships of their owner, Royal Caribbean Cruise Lines.

Huhtamaki – EUR 450 million sustainability-linked syndicated revolving credit facility

We advised Huhtamaki Oyj in relation to a EUR 450 million sustainability-linked syndicated multi-currency revolving credit facility loan agreement (“RCF”) with a maturity of five years. The RCF refinances an existing EUR 400 million sustainability-linked syndicated revolving credit facility signed in January 2021 and will be used for general corporate purposes of the Group. The RCF has two one-year extension options at the discretion of the lenders. The Mandated Lead Arrangers and Bookrunners of the RCF are Citi, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), BNP Paribas, Commerzbank Aktiengesellschaft, Danske Bank A/S, DBS Bank Ltd., London Branch, J.P. Morgan SE, Landesbank Hessen-Thüringen Girozentrale, OP Corporate Bank plc, Raiffeisen Bank International AG and Standard Chartered Bank AG.

Latest insights

28.6.2024 – Capital Markets & Financial Regulation CRD 6 has been published: New requirements for M&A transactions and other reorganisations in the banking sector

Hannu Huotilainen

Karlo Siirala

Hannu Huotilainen & Karlo Siirala

9.4.2025 – Dispute Resolution New European Court of Justice ruling C-537/23 sheds light on the interpretation and validity of asymmetric jurisdiction clauses – Implications for European businesses

Robin Ollus

Tuomas Lehtinen

Robin Ollus & Tuomas Lehtinen

7.4.2025 – Private Equity & Venture Capital Tax credit for major clean transition investments passed in Parliament – application period until 29 August 2025

Janne Juusela

Mikko Alakare

Samuli Tarkiainen

Marius af Schultén

Jarno Tanhuanpää

Kanerva Sunila

Noora Ahonen

Janne Juusela, Mikko Alakare, Samuli Tarkiainen, Marius af Schultén, Jarno Tanhuanpää, Kanerva Sunila & Noora Ahonen

25.3.2025 – Mergers & Acquisitions How to successfully run a large-scale cross-border M&A project?

Carola Lindholm

Samuli Tarkiainen

Carola Lindholm & Samuli Tarkiainen

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