Krogerus is advising SSK Suomen Säästäjien Kiinteistöt Oyj, a Finnish public real estate investment company, on a public tender offer of its shares listed on Nasdaq Helsinki by Maakunnan Asunnot Oy, another Finnish real estate investment company.
It is expected that Maakunnan Asunnot will launch the tender offer on 6 November 2014. The offer period is expected to end on 27 November 2014.
Through the tender offer, Maakunnan Asunnot and its shareholders aim to acquire 51% of all outstanding SSK shares, in addition to their current holdings.
This transaction also involves Maakunnan Asunnot’s commitment to purchase, at the end of 2017, the remaining publicly listed shares of SSK, as further set out in the terms and conditions of the tender offer documents.
The Krogerus team was led by partner Marko Vuori. He was assisted by associate Paul Raade.