FINLAND

Get in contact or get a price estimation from our partner in Finland Get in contact
Due to the COVID-19 pandemic, certain merger control processes may be affected. We suggest to contact our local partners for more information.
Content last updated: 08-04-2020

Choose the type of information you seek

  • Merger Control Regime
  • Merger Screening

1. Supranationality

1.1 Membership of Supranational Organization

1.1.1 Is the jurisdiction a member of/party to a supranational jurisdiction?

Yes.

1.1.2 Is the jurisdiction itself a supranational jurisdiction?

No.

1.1.3 If the answer to Section 1.1.1 and/or 1.1.2 above is in the affirmative, what are the implications hereof?

As a member of the EU, Finland is subject to the supranational authority of the EU, including EU merger control rules enforced by the Directorate General for Competition of the European Commission.

This means that if the concentration meets the turnover thresholds applicable for the EU’s merger control regime, the concentration must be notified to the European Commission and Finland is precluded from applying its own domestic merger control rules to the transaction.

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.

This content was delivered
and last updated on 08-04-2020 by

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.

Banner Logo     Banner Logo    Banner Logo    Banner Logo