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State sells its holding in Raskone to Lease Deal Group

Government Communications Department
Publication date 8.3.2018 10.36 | Published in English on 8.3.2018 at 13.55
Press release 109/2018

The Finnish state has sold its 85 per cent holding in Raskone Ltd, which specialises in the servicing and maintenance of utility vehicles, to the Finnish multisector group Lease Deal Group Oyj. The state's revenue from the sale is EUR 7.2 million, which includes repayment of the subordinated loan granted to Raskone. In the same deal, the wholly state-owned special assignment company Governia Oy sold its 15 per cent holding in Raskone Ltd.

- Under the Government’s state ownership policy, holdings can, if necessary, be relinquished in a controlled manner, though on the other hand, companies may also be created if necessary. The state has no strategic interest in Raskone ownership, and the deal enhances the company’s scope for growth and development in a challenging market, says Minister of Economic Affairs Mika Lintilä, who has responsibility for state ownership steering.

Inquiries: Minna Pajumaa, Senior Ministerial Adviser, Prime Minister’s Office, minna.pajumaa(at), tel. +358 295 160 147