In a share deal, Mint of Finland Ltd. has sold its shares in its German blank manufacturing company (Mint of Finland GmbH) for Freiberger EuroMetall GmbH. The transaction includes the Halsbrücke blank factory in Germany and its stake in the Spanish blank manufacturer Compañía Europea de Cospeles S.A. (CECO S.A.) and is effective from 31.12.2023. In the future, Mint of Finland Ltd. will not produce circulation coin blanks.

Mint of Finland Ltd. enhances flexibility, profitability, and competitiveness. The company structure will be clearer, and the operations will be concentrated on the site in Vantaa. Mint will focus on the production and sale of coins, and services related to them.

Mint of Finland Ltd. provides manufacturing and consulting services related to coins. The company’s customers mainly include central banks and finance ministries of different countries. Mint of Finland is one of the leading coin exporters in the world with target markets in Europe, Asia, Africa and Latin America. The company is owned by the Finnish state.

HLP acted as financial advisor to Mint of Finland in the transaction.

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