Our latest news and deals.

Recent Deals / 09.02.2021

Waselius & Wist advised Otso Gold and its subsidiary in the securing of USD 11 million financing from Brunswick Gold

Waselius & Wist advised Otso Gold Corp. (TSX.V:OTSO) and its subsidiary (production company) in the securing of USD 11 million financing from Brunswick Gold Ltd. Brunswick Gold Ltd has agreed to purchase 284,944,440 units at an issuance price equal to $0.05 per unit, for aggregate gross proceeds of US$ 11 million. The financing will fully fund the company to enable it to move forward and return the Laiva gold mine in Finland to production in 2021. Read more

Recent Deals / 23.07.2019

Financing of the acquisition of Elenia Heat

Waselius & Wist represented the Mandated Lead Arrangers in the Finnish law aspects of the financing of the acquisition of Elenia Lämpö Oy by a consortium formed by Aberdeen Standard Investments, DIF and Local Pensions Partnership Investments Ltd, LPPI. Read more

Recent Deals / 30.11.2018

Victory in VAT dispute before the Helsinki Administrative Court

Our tax partner Mr Jouni Weckström represented successfully a company engaged in wind farming industry and issued Feed-in Tariff by the Finnish Energy Authority. Read more

Recent Deals / 18.12.2017

Joint venture between Firesteel Resources Inc. and Nordic Mines AB

Waselius & Wist advised Firesteel Resources Inc. (TSX-V: FTR) (“Firesteel”) in entering into a joint venture with Nordic Mines AB, giving Firesteel a controlling stake in Nordic Mines Marknad AB. The joint venture included related financing arrangements where Firesteel received USD 20,6 million in funds under a Prepaid Forward Gold Purchase Agreement with PFL Raahe Holdings LP, an investment vehicle controlled by Pandion Mine Finance, LP. Read more

Recent Deals / 09.02.2016

Refinancing of EUR 1.93 billion of Finland’s largest electricity distribution business

Waselius & Wist represented the arranger and the dealers as well as certain financial institutions as lenders in the Finnish law aspects of the EUR 1.93 billion refinancing of the Caruna Group. Read more

Recent Deals / 02.10.2015

Divestment by BASF of its Finnish slurry production sites

Waselius & Wist advised BASF, the chemical company, on Finnish law aspects in connection with the divestment of its slurry production sites in Rauma and Kotka to Chemec. Read more

Recent Deals / 17.12.2014

Wind power joint venture between NV Nordisk Vindkraft AB and Tornator Oyj

Waselius & Wist advised NV Nordisk Vindkraft AB in all aspects of establishing a joint venture with Tornator Oyj for the development of wind power in Finland. Read more

Recent Deals / 17.11.2014

Assisting SCA in the establishment of an energy joint venture company

Waselius & Wist acted for SCA in the incorporation of a joint venture energy company Nokianvirran Energia Oy, owned by SCA, Nokian Tyres and Leppäkosken Sähkö. Read more

Recent Deals / 28.10.2014

Acquisition by Esse Elektro-Kraft Oy of a hydroelectric power plant

Waselius & Wist advised Esse Elektro-Kraft Oy, a Finnish energy company, in its acquisition of Hanhikoski hydroelectric power plant from the municipality of Evijärvi. Read more

Recent Deals / 03.07.2014

Acquisition by Yaskawa of The Switch Engineering Oy

Waselius & Wist advised Yaskawa Electric Corporation, a world leader in motion control and robotics, in its acquisition of The Switch Engineering Oy, a leading supplier of megawatt-class permanent magnet generator and full-power converter packages for wind power and other renewable energy applications. Read more