Kongsberg acquisition of 49.9% of Patria
Kongsberg bought 49.9% of Finland's Patria from the Finnish state, forming a Nordic defence partnership that also linked it to Nammo, which Patria half-owns.
- Company
- Patria
- Type
- Stake sale
- Status
- Completed
- Date
- 24 May 2016
- Value
- €283.5m
- US$ equivalent
- US$314m
- Value basis
- €272m agreed for 49.9%; final price €283.5m including interest and transfer tax
- Region
- Finland
- Segment
- Land systems
Parties
- Kongsberg Gruppen buyer
- Finnish State seller
Key terms
- Stake
- 49.9%
- Agreed price
- €272m (17 Mar 2016)
- Financing
- Bridge loan, part refinanced by NOK 2bn of bonds in May 2016
Sources
- Kongsberg Gruppen stock exchange release: buys 49.9% of Patria newsweb.oslobors.no · 17 Mar 2016
- Kongsberg Gruppen stock exchange release: 49.9% share purchase in Patria completed newsweb.oslobors.no · 24 May 2016
Record DEF-INV-2016-0005. Investments are kept apart from the financings register and never counted in debt totals.
