# State of Finland sells 49.9% of Patria Oyj to Kongsberg Defence & Aerospace

The State of Finland sold 49.9 percent of Patria Oyj to Kongsberg Defence & Aerospace AS for EUR 283.5 million. The State of Finland now owns 50.1 percent of Patria Oyj.

- Type: Acquisition
- Announced: 2017-02-07
- Where: Finland
- Value: $300.0M (283.5M EUR)
- Status: completed
- Products: defence material and life cycle support, civilian products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kongsberg Defence & Aerospace](https://endata.com/companies/5342.md) (acquirer)
- [Patria](https://endata.com/companies/19355.md) (target)
- [State of Finland](https://endata.com/companies/22045.md) (investor)

## Sources

- [patriagroup.com](https://www.patriagroup.com/newsroom/news/2017/patrias-financial-review-for-2016-preliminary-data), 2017-02-07: "The competition authorities approved a share transaction in which the State of Finland sold 49.9 percent of Patria Oyj to Kongsberg Defence & Aerospace AS."

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