KONGSBERG’s 49.9% share purchase in Patria Oyj is completed
Reference is made to the stock market announcement on 17 March 2016 on KONGSBERG’s purchase of 49.9% of the shares in the Finnish company Patria Oyj.
Today, the transaction was completed. The final purchase price is EUR 283.5 million, including interest and transfer tax.
Watch reactions from the signing of the agreement
In March this year KONGSBERG entered into an agreement with the Finnish state for the purchase of 49.9 % of the shares in Patria for EUR 272 million.
Patria is Finland’s leading defence supplier and owns 50 % of the shares in the Norwegian company Nammo. The partnership will be a leading defence supplier in the Nordics, and a considerable supplier on the European defence market, with total gross revenues of NOK 13.4 billion in 2015.