Sep 1, 2025ACQUISITIONFinland Finnish state to become majority shareholder of Valmet Automotive, Ioncor transferred to Finnish Minerals Group
The Finnish state will acquire a 79% stake in Valmet Automotive and transfer its battery subsidiary Ioncor to Finnish Minerals Group, with EUR 120 million in state capital used for the arrangement.
Value
$133.0M (120.0M EUR)
Productsautomotive contract manufacturingbattery manufacturing
“The State will become the majority shareholder of Finnish automotive contract manufacturer Valmet Automotive as part of a broader corporate restructuring and financing arrangement.”valtioneuvosto.fi
- 2 sources
- valtioneuvosto.fiState to become majority shareholder of Valmet Automotive, subsidiary Ioncor to be transferred to Finnish Minerals Group - Finnish GovernmentSep 1, 2025
- avance.comPontos involved in the ownership and financing arrangement between IONCOR, a company focused on battery systems, and Valmet Automotive – Avance AttorneysSep 4, 2025
Summarized from public sources; check the original articles before acting on it.
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