# 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.

- Type: Acquisition
- Announced: 2025-09-01
- Where: Finland
- Value: $133.0M (120.0M EUR)
- Status: announced
- Products: automotive contract manufacturing, battery manufacturing
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valmet Automotive](https://endata.com/companies/21802.md) (target)
- [Contemporary Amperex Technology Limited](https://endata.com/companies/21803.md) (partner)
- [Finnish Industry Investment Ltd](https://endata.com/companies/87006.md) (partner)
- [Finnish Minerals Group](https://endata.com/companies/87007.md) (acquirer)
- [Pontos Group](https://endata.com/companies/87008.md) (investor)
- [Varma Mutual Pension Insurance Company](https://endata.com/companies/87009.md) (investor)
- [Finnish State](https://endata.com/companies/87075.md) (acquirer)
- [IONCOR](https://endata.com/companies/87076.md) (target)

## Sources

- [valtioneuvosto.fi](https://valtioneuvosto.fi/en/-/valtiosta-tulee-valmet-automotiven-enemmistoomistaja-tytaryhtio-ioncor-eriytetaan-finnish-minerals-groupin-omistukseen-), 2025-09-01: "The State will become the majority shareholder of Finnish automotive contract manufacturer Valmet Automotive as part of a broader corporate restructuring and financing arrangement."
- [avance.com](https://www.avance.com/cases/pontos-involved-in-the-ownership-and-financing-arrangement-between-ioncor-and-valmet-automotive), 2025-09-04: "Pontos, together with the Finnish State and Varma Mutual Pension Insurance Company will acquire Valmet Automotive’s shares in IONCOR."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.