The state buys Fingrid’s shares for more than 400 million

The state increases its stake in the grid company from Fingrid. The purchase price of the shares is approximately EUR 401.3 million. The deal strengthens the state’s guidance in the company of strategic interest.

In the deal, the state buys all of Ilmarinen’s A-series shares, which are 311 shares. OP Pohjola Kantaverkko Holding Ky buys series B shares, a total of 350 shares. The holding company is backed by the P Suomi Infra fund, OP-Life Insurance Ltd and Pohjola Insurance Oywho have established a holding company for the acquisition and ownership of Fingrid’s shares.

With the deal, the state’s ownership in Fingrid will rise to 59.5 percent from 53.1 percent. At the same time, the state’s voting power rises from 70.9 percent to 81.5 percent. OP Pohjola Kantaverkko Holding Ky’s ownership stake in Fingrid will be 14.2 percent. The remaining shares are owned by Finnish pension insurance and insurance companies.

After the transaction is completed, it is intended that 50 of the A-series shares to be purchased will later be converted into Fingrid’s B-series shares for purchase by OP Pohjola Kantaverkko Holding Ky, so that the government will have one B-series share.

When the deal is completed, the state will remain the sole owner of Fingrid’s A-series shares

A company of strategic interest

Fingrid Oyj owns Finland’s main grid and all significant foreign connections for electricity transmission. The backbone network is the backbone network of electricity transmission, which is connected to large power plants and factories as well as regional distribution networks.

Finance minister Riikka Purran the changed geopolitical situation underlines the importance of preparation.

“The operational reliability of the electricity system is part of national security. The grid is a critical infrastructure of society, which must function in all conditions. The arrangement strengthens the state’s ownership control in a strategically important company and supports long-term preparedness,” Minister Purra says in a press release from the Ministry of Finance.

The general session of the Government approved the deal today, Thursday. In the first supplementary budget proposal of 2026, an allocation of 402 million euros is proposed for the acquisition of shares. The final sale requires that the parliament allocates the funds necessary for the purchase.