OP Finland Infrastructure EUR 45 million investment in ESL Shipping

We acted as legal advisor to OP Finland Infrastructure LP in its investment in ESL Shipping Ltd, a Finnish shipping company. Varma Mutual Pension Insurance Company co-invested in the company. The investment was made against new shares in ESL Shipping, and the EUR 45 million co-investment corresponds to a 21.43% holding in the company. The aim of the investment is to accelerate ESL Shipping’s green transition.

ESL Shipping Ltd is a Finnish shipping company. Its main shareholder is Aspo Plc.

OP Finland Infrastructure is a fund investing in Finnish infrastructure. The fund is managed by OP Financial Group.

Varma Mutual Pension Insurance Company is a Finnish pension insurance company. In September 2023 the value of its investment portfolio amounted to EUR 57.5 billion.