We acted as legal advisor to OP Finland Infrastructure LP in connection with the conversion of the fund’s agreed EUR 50 million convertible bond into shares in Lounea Net Oyj in 2023. In connection with the conversion, the fund made a new additional investment of EUR 10 million in Lounea. As a result of the arrangement, OP Suomi Infra became a significant owner of Lounea Net Oyj with a 29% stake.
Lounea is a Finnish optical fibre operator whose business consists of telecommunications infrastructure and ICT solutions.
OP Finland Infrastructure is a fund investing in Finnish infrastructure. The fund is managed by OP Financial Group.