trending Market Intelligence /marketintelligence/en/news-insights/trending/jyael_xlpkmyf9fjmd9psg2 content esgSubNav
In This List

Finland sells 5% stake in Neste for €861M

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Finland sells 5% stake in Neste for €861M

The Finnish government said June 13 that it has completed the sale of 12.8 million shares of Neste Oyj, representing 5% of the total shares of the company, priced at €67.27 per share for a total of €861 million.

Following the sale, which reduced the government's interest in the company from 49.7% to 44.7%, Finland now holds approximately 115 million shares in Neste. Credit Suisse Securities (Europe) Ltd. acted as lead manager and sole bookrunner in the share sale.

The sale is in line with a parliamentary mandate that set a minimum threshold of state ownership in Neste to 33.4%. Earlier in the year, the government donated 922,168 shares worth €50 million to the Itla Children's Foundation in honor of the centenary of the country's independence, which reduced state ownership from 50.1% to 49.7%.