Finland’s Neste shareholding falls below controlling 50% as it gives shares to charity

In Finland, as part of the legislative motion submitted by Members of Parliament and approved by Parliament, the government plenary session decided today to donate state-owned shares of Neste Corporation to the Itla Children’s Foundation. The Foundation will receive 922,168 shares worth a maximum of EUR 50 million in honour of the centenary of Finland’s independence.

Due to the donation, the State will in future hold less than 50 per cent (49.74%) of the voting rights carried by the shares in Neste Corporation.