KLP – Acquisition of a majority stake in Elisa Videra through a combination with MVC

We are acting as Finnish legal advisor to KLP Vermögensverwaltungs in a combination of its German subsidiary MVC Mobile VideoCommunication with Elisa Videra, a subsidiary of Elisa Corporation, through a share swap. KLP Vermögensverwaltungs will have a 62.5% holding and Elisa Corporation a 37.5% holding in the combined MVC Videra. The transaction is subject to authority approval in Finland and the estimated closing is in December 2023.

In 2023, MVC Videra’s combined turnover is expected to be around EUR 45 million with a total of around 150 employees.