Krogerus advises Aspo on its demerger and spin-off of ESL Shipping
Krogerus is advising Aspo Plc on its demerger, by which all the shares in ESL Shipping Ltd held by Aspo, together with the related assets and liabilities, will be transferred to a new independent company to be named ESL Shipping Group Plc. Aspo intends to apply for the shares of ESL Shipping Group to be admitted to trading on the regulated market of Nasdaq Helsinki. It is further intended that Aspo be renamed Telko Group Plc.
At present, Aspo has two distinct businesses, being ESL Shipping and Telko. ESL Shipping is the leading dry bulk cargo company in the Baltic Sea region, serving for example the steel and forest industries. Telko is a leading expert and solution provider for plastics, industrial chemicals and lubricants.
The Krogerus team is led by Managing Partner Mårten Knuts and Partner Paul Raade. They are primarily assisted by Counsel Joel Kanervo and Anna Sahrakorpi, Senior Associates Markus Laine, Kalle Lipsanen and Mikko Turunen, and Associates Jaarle Lehtinen and Helmi Räsänen (all Capital Markets and Public M&A), Partner Samu Lassila and Anna Corrêa de Mora (Tax), Partner Marcus Möller, Senior Associate Tuuli Merikallio Heiskanen, and Associates Aleksi Kärnä, Henrik Lyytikäinen and Ulrika Mäkinen (Mergers and Acquisitions), Partner Carola Möller and Associate Ada Hård af Segerstad (Employment and Benefits), Partner Simo Autio and Associate Regina Sedergren (Competition & Regulatory), and Partner Kalle Hynönen, Senior Associates Ada Klaile and Iiris Rantanen, and Associates Sini Stubb and Riku Toivio (Technology, Data & IP).
