Innofactor's Minority Shares to Be Redeemed by Onni Bidco

Deal News | Apr 23, 2025 | Globenewswire

Innofactor's Minority Shares to Be Redeemed by Onni Bidco

Onni Bidco Oy has received confirmation from the Arbitration Court that it has the right to redeem the minority shares of Innofactor Oyj. Consequently, trading of Innofactor Oyj's shares has been temporarily suspended on Nasdaq Helsinki. Innofactor previously announced its management board's decision to seek removal of its shares from public trading on Nasdaq Helsinki following the acquisition of all shares by Onni Bidco. The shares will be eventually delisted after Onni Bidco secures ownership of all outstanding shares under the redemption process pursuant to Finnish corporate law. Following this decision, Nasdaq Helsinki has halted trading on Innofactor shares starting April 23, 2025, at 17:16. Further information regarding the provision of security and share delisting will be announced separately.

Sectors

  • Information Technology
  • Financial Services

Geography

  • Finland – The article pertains mainly to Innofactor, a Finnish company, and its trading on the Finnish market, Nasdaq Helsinki.
  • Nordic Region – Innofactor serves a clientele across the Nordic countries, indicating the geographic relevance of the Nordic region.

Industry

  • Information Technology – Innofactor operates within the IT sector, providing critical IT solutions and services for private and public sectors across the Nordic region.
  • Financial Services – The transaction involving the redemption of minority shares and subsequent delisting falls under financial services as it involves corporate restructuring and ownership changes.

Financials

  • Not specified – The price and financial terms for the redemption of minority shares by Onni Bidco have not been disclosed.

Participants

NameRoleTypeDescription
Innofactor OyjTarget CompanyCompanyA leading provider of digital transformation solutions across the Nordic region with a significant focus on Microsoft ecosystem services.
Onni Bidco OyBidding CompanyCompanyThe entity seeking to acquire all shares of Innofactor Oyj through a redemption process.
NASDAQ HelsinkiTrading VenueCompanyThe stock exchange where Innofactor's shares are currently listed and where trading has been temporarily suspended.