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Content last updated: 01-05-2019

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  • Merger Screening

2. Establishing jurisdiction for notification of mergers

2.3 General thresholds

2.3.1 Threshold(s) for when a concentration must be notified under the general merger control regime?

Merger control filing is required when:

  • the combined aggregate global turnover of the undertakings concerned exceeded EUR 350,000,000 in the last financial year; and
  • the turnover in Finland of each of at least two undertakings concerned exceeded EUR 20,000,000 in the last financial year.

2.4 Other national thresholds for ex ante merger control (e.g. sector-specific rules)

2.4.1 Relevant thresholds for sector-specific or other ex ante merger control rules?

Transactions leading to a market share of 25% of the electricity distribution in Finland in a network with a capacity of 400V can be blocked.

The following applies to foreign acquisitions of at least 10%, 33% or 50% of the votes, or a corresponding de facto influence, in a limited liability company in Finland, and every time these thresholds are exceeded:

Foreign acquisitions of businesses in the defense industry must obtain an approval with the Ministry of Economic Affairs and Employment. The same applies to domestic acquirers in which a foreign owner holds at least 10% of the votes or has a corresponding de facto influence.

Transactions, in which the acquirer is domiciled outside the EU and the EFTA, of businesses considered critical to functions fundamental to society are subject to notification with the Ministry of Economic Affairs and Employment. The same applies to acquirers domiciled within the EU and the EFTA where an owner domiciled outside the EEA or EFTA holds at least 10% of the votes or has a corresponding de facto influence.

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Legal Cross Border has itself provided all input about merger control in Finland. This information has been gathered and validated by our in-house lawyers to guarantee the highest quality outcome. This said, we are currently looking for a local partner to cover Merger Control Finland - please contact us if you would like to be our new partner.

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