News:

Mr. Juha Salonen, LL.M., B.Sc. (Econ) will join Waselius & Wist as Senior Counsel as of 1 April 2014. Juha Salonen moves from Huhtamäki Group, a global manufacturer of consumer and specialty packaging where he was Senior Vice President, Administration & Legal and member of the Group Executive Team. Juha has a distinctive legal in-house career within Huhtamäki Group for 30 years. In addition to the Group’s legal matters, Juha has had executive duties in Group administrative, HR and corporate governance/compliance matters.

Juha’s expertise will strengthen, especially, Waselius & Wist’s corporate compliance/investigations and corporate governance practice areas.

Waselius & Wist advised Taminco Corp. (NYSE: TAM) in the Finnish law aspects of the financing of the acquisition of Kemira Plc’s formic acid businesses in Finland.

Value: Enterprise value EUR 140,000,000

For more information please contact Mr. Timo Lehtimäki.

Waselius & Wist represented First Quantum Minerals Ltd in the Finnish law aspects of the Exchange Offering and Consent Solicitation with respect to the  8,75% Senior Notes due 2020 and 7,50% Senior Notes due 2021 issued by Inmet Mining Corporation (now FQM (Akubra) Inc.). First Quantum Minerals Ltd is a mining and metals company.

Value: USD 1,500,000,000 and USD 500,000,000.

For more information please contact Ms. Tarja Wist.

Waselius & Wist advised Hemsö Fastighets AB in the structuring of the acquisition of a portfolio of 15 healthcare and senior care properties from Trevian Care I Ky, a real estate equity fund managed by Trevian Asset Management Oy

Value: EUR 100,000,000

For more information, please contact Mr. Niklas Thibblin.

Waselius & Wist represented First Quantum Minerals Ltd in the Finnish law aspects of Consent Solicitation with respect to the Certain Amendments to the Indenture governing 7,25% Senior Notes due 2019. First Quantum Minerals Ltd is a mining and metals company based in Canada.

For more information please contact Ms. Tarja Wist.

Christoffer Waselius has been appointed partner as of January 1, 2014.

Christoffer Waselius joined Waselius & Wist in 2005 after having received his Master of Laws from the University of Helsinki. He performed his court practice in 2007 and obtained an LL.M. from the University of California, Berkeley in 2012. Christoffer has also practiced law in Frankfurt and is fluent in Swedish, Finnish, English and German.

Christoffer’s main areas of practice are Mergers and Acquisitions and related Dispute Resolution. Christoffer has advised clients in a large range of transactions, often involving a cross-border element especially in the mining, chemical and energy sectors and also represented clients before both ordinary and administrative courts. In addition to commercial issues, Christoffer has a solid experience of a broad range of industry related environmental matters and thereto related proceedings.

Waselius & Wist represented SCA Tissue Finland Oy in a dispute regarding SCA’s marketing campaign of Lotus soft paper products involving a promotional lottery brought by the Consumer Ombudsman to the Finnish Market Court.

In its decision of 31 January 2014, the Market Court found that SCA’s marketing in the so called Lotus-Potti campaign did not constitute aggressive or inappropriate marketing prohibited under the Finnish Consumer Protection Act as claimed by the Consumer Ombudsman and dismissed the Consumer Ombudsman’s claims in their entirety.

The decision is not final but may be appealed by the Consumer Ombudsman to the Supreme Court provided that the Supreme Court grants leave to appeal.

For more information, please contact Mr. Bernt Juthström.

Waselius & Wist advises funds managed by CapMan in the acquisition of Kämp Group, the leading luxury and lifestyle hotel chain in Finland, and the related financing arrangements.

Value undisclosed.

For more information, please contact Mr. Mikko Eerola or Mr. Timo Lehtimäki.

Waselius & Wist represented Taminco Corp. (NYSE:TAM), the world’s largest producer of alkylamines and alkylamine derivatives, in the acquisition of the formic acid business of Kemira Plc.

Value: EUR 140,000,000

For more information, please contact Mr. Lauri Peltola or Mr. Christoffer Waselius.

Waselius & Wist advises Suomi Power Networks Oy, a consortium of infrastructure funds First State Investments of Australia and Borealis Infrastructure of Canada (each 40%) together with Finnish pension funds Keva (12.5%) and LocalTapiola Pension (7.5%), in the acquisition of Fortum Corporation’s electricity distribution business in Finland, and the related financing arrangements.

Value: Total consideration EUR 2.55 billion

For more information, please contact Mr. Mikko Eerola, Mr. Jan Waselius, Mr. Lauri Peltola or Mr. Timo Lehtimäki.