Elisa may now find it near impossible to take over Anvia
Elisa, the Finnish telco, may now find it near impossible to take over the Finnish telco Anvia, according to Turun Sanomat. The Finnish language paper wrote, without citing anyone by name that the move made by Anvia which saw the company selling a stake to telcom company Finda for EUR 50m made it impossible for Elisa to take over the company. Elisa has been attempting to take over Anvia since 2014 and right now it has one third of the company.
Elisa has an ongoing offer to buy shares in Anvia which expires next week Tuesday, the item noted. The move made by Anvia means now Elisa is not able to buy shares in the company since Finda has the decision making power. Besides, the item noted, Anvia shareholders have thought the offer made by Elisa has been hostile.
Anvia had sales of EUR 130m last year.