Asuntosalkku Plc’s Restructuring and Listing on First North Finland

Bird & Bird and Cobalt advised Asuntosalkku plc on the deal.

The transaction involved Asuntosalkku Plc restructuring and listing on First North Finland. Trading on First North Finland began today June 22, 2022.

The listing was preceded by a group restructuring process where the Finnish investment properties of an alternative investment fund Asuntoturva Ltd were transferred to a newly established subsidiary Suomen Asuntovarainhoito Ltd followed by a combination of Asuntoturva Ltd and Asuntosalkku Plc through an absorption merger, creating the entity that was listed.

Asuntosalkku is the largest market-based landlord in Estonia and a pioneer in the Tallinn rental market.

Bird & Bird’s core team consisted of Mika Puurunen (Picture), Vuokko Rajamäki, Monika Vainio, Katariina Leino, Ville Alahuhta and Sami Tuominen.

The Cobalt team included Partner Marina Kotkas, Managing Associate Jesse Kivisaari, and Associate Christine Magi.

Involved fees earner: Ville Alahuhta – Bird & Bird; Katariina Leino – Bird & Bird; Mika Puurunen – Bird & Bird; Vuokko Rajamäki – Bird & Bird; Sami Tuominen – Bird & Bird; Monika Vainio – Bird & Bird; Jesse Kivisaari – Cobalt Legal; Marina Kotkas – Cobalt Legal; Christine Magi – Cobalt Legal;

Law Firms: Bird & Bird; Cobalt Legal;

Clients: Asuntosalkku Plc;

Giulia Di Palma

Author: Giulia Di Palma