Highlight 15 March 2023

Krogerus advises LocalTapiola on its acquisition of majority shareholding in Finnish P&C Insurance

Krogerus advised LocalTapiola General Mutual Insurance Company, a leading Finnish insurance company, on its acquisition of 70% of the shares in Finnish P&C Insurance Ltd from POP Bank Group.

Founded by POP Bank Group in 2012, Finnish P&C Insurance is a motor and non-life insurance company known for its brand POP Vakuutus. The company has differentiated itself in the insurance sector with its digital business model. Following the completion of the acquisition, POP Bank Group will continue as a minority shareholder in Finnish P&C Insurance.

The Krogerus team was led by Partner Marcus Möller and Senior Advisor Lennart Simonsen. They were primarily assisted by Senior Associates Antti Luhtala and Nora Hamed and Associates Ulla Heimala, Tiina Jauhiainen, Marko Katainen, Tuuli Merikallio, Ulrika Mäkinen and Liisa Ollberg. Partner Mika Puittinen advised on cooperation arrangements with POP Bank Group and he was assisted by Senior Associate Alexander Bützow. Partner Leena Lindberg advised on competition law matters and she was assisted by Senior Associate Alina Böling and Associate Jonni Tiainen.

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