HLP provided Meriaura Group Plc with a fairness opinion concerning the combination with Summa Defence Oy to form a publicly listed company

On 29 January 2025, Meriaura Group Plc (“Meriaura Group”) signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence Oy (“Summa Defence”), which brings together defence and security companies. The transaction will create a strong group of companies focusing on safety and security of supply in Finland, in which dual-use technology will play a significant role.

In connection with the arrangement, the Marine Logistics business (Meriaura Oy and its wholly owned subsidiary VG-EcoFuel Oy) will be sold to Meriaura Invest Oy. The name of the new listed company will be Summa Defence Plc. The holding of Meriaura Group’s current shareholders in the new group of companies will be 11.9%, and that of Summa Defence’s current shareholders will be 88.1%.

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