SRV’s €34.8 Million Rights Issue

Krogerus advised Danske Bank on the deal. Borenius advised SRV.

Danske Bank acted as Sole Global Coordinator on the rights issue of SRV, a Finnish developer and innovator in the construction industry. Shares in SRV are admitted to trading on the official list of Nasdaq Helsinki.

The fully subscribed EUR 34.8 million rights issue was one of several measures SRV announced to strengthen its balance sheet. These measures were announced by SRV in connection with it writing down substantially all of its assets in Russia and its holdings in the Fennovoima nuclear power plant project due to Russia’s invasion of Ukraine.

The Krogerus team was led by Partner Paul Raade (Picture). He was primarily assisted by Partner Tom Fagernäs, Senior Associate Samuli Torpisto and Associates Tiina Jääskeläinen and Olli Silvennoinen.

The Borenius team included Jyrki Tähtinen, Niina Nuottimäki, Juha Koponen, Heikki Wahlroos, Päivi Kuitunen, Jami Renholm, Akseli Uotila, Max Malinen, 
Mia Mokkila and Susanna Kaatiala.

Involved fees earner: Juha Koponen – Borenius Attorneys Ltd; Päivi Kuitunen – Borenius Attorneys Ltd; Niina Nuottimäki – Borenius Attorneys Ltd; Jami Renholm – Borenius Attorneys Ltd; Jyrki Tähtinen – Borenius Attorneys Ltd; Heikki Wahlroos – Borenius Attorneys Ltd; Tom Fagernäs – Krogerus Attorneys Ltd; Tiina Jääskeläinen – Krogerus Attorneys Ltd; Paul Raade – Krogerus Attorneys Ltd; Olli Silvennoinen – Krogerus Attorneys Ltd; Samuli Torpisto – Krogerus Attorneys Ltd;

Law Firms: Borenius Attorneys Ltd; Krogerus Attorneys Ltd;

Clients: Danske Bank; SRV Group;

Federica Tiefenthaler

Author: Federica Tiefenthaler