HPP advised Suomen Lauttaliikenne Oy on the acquisition of all shares in Arctia Archipelago Shipping Ltd from Arctia Shipping. Our assignment consisted of advising the purchaser in the purchase process and drafting and negotiating the transaction documentation.
Suomen Lauttaliikenne Oy started operating on 1 January 2010 (the company uses the business name Finferries in its trading operations). In May 2012 Suomen Lauttaliikenne Oy purchased the entire stock of Arctia Archipelago Shipping. Upon concluding the transaction Suomen Lauttaliikenne became the only organization owned by the Finnish State that is responsible for both ferry and commuter ferry traffic. Arctia Archipelago Shipping became a subsidiary of Suomen Lauttaliikenne and the name was changed to Finland Archipelago Shipping Ltd. The rationale behind the transaction was the Finnish State’s desire to develop and improve ferry and commuter ferry operations.
Suomen Lauttaliikenne Oy was advised by partner Björn Nykvist and senior associates Tea Telamo and Maarika Joutsimo.