Aventum advised Finavia working with Prime Minister’s Office in the state aid process regarding the capitalization of Finavia
The European Commission has on 17th March approved, under EU State aid rules, EUR 350 million support to Finavia by the State of Finland, in the context of the coronavirus outbreak.
In the 2021 budget, the Finnish Parliament granted EUR 350 million to be used to ensure Finavia’s solvency. As part of this grant, The State has now made a capital injection of EUR 317 million in Finavia. The Prime Minister’s Office will additionally make preparations for granting a capital loan of EUR 33 million to Finavia later during this year.
The capital injection will strengthen Finavia’s financial position and help the company pull through the COVID-19 crisis. The capital injection will also ensure finalization of the extensive development and extension work, started in 2013 and to be completed within two years.
Aventum Partners acted as financial adviser to Finavia working with Prime Minister’s Office in the state aid process and completion of the capitalization. Previously, Aventum also acted as adviser to Finavia in defining the financing need and planning the capitalization.
For further information regarding the project please contact:
+358 400 530 820