The Helsinki Stock Exchange ended in decline on Tuesday – Outokumpu shopping in Canada, Savosolar is organizing its corporate structure

At the end of trading on Tuesday, the general index of the Helsinki Stock Exchange was down 0.3 percent at 10,103.47 points.

The banking group was at the top of the list Nordea, whose share was down 1.7 percent at 9.25 euros. Among the twelve most traded stocks, about half were rising and half were falling.

At the end of the day, the biggest gainer was the marine logistics and solar heating systems company Savosolarwho announced that he was changing his name Meriaura Group.

In addition, the company’s board of directors decided on May 30, authorized by the general meeting, that Savosolar’s Renewable Energy business, i.e. solar heating business, will be sold to a new subsidiary wholly owned by the group Meriaura Energylle. The sale will take place on May 31. The name change will take place from June 1, 2023.

At the end of trading, Savosolar’s price was up 6.1 at EUR 0.06.

The logistics company also saw an increase Nurminen Logistics with 4.9 percent. Also a fiber company Spinnova continued to rise by 2.4 percent.

In the downward direction were, among others, a software company Morning with about 4.0 percent and a mining company and metal refiner Afrak Group with 3.7 percent.

Outokumpu bought a stake in a mining company in Canada

Steel company Outokumpu announced that it would buy a 9.9 percent stake in the Canadian company FPX Nickel from the company. According to Outokumpu’s press release, the price of the investment is 11 million euros. FPX Nickel is a mining and development company that owns the Baptiste nickel deposit in the Decar nickel region of British Columbia, Canada.

Outokumpu’s share ended with a decrease of 0.3 percent to 5.31 euros.

QPR Software announced that they had completed the change negotiations. As a result of the negotiations, the company terminates a maximum of seven employment relationships and temporarily lays off a maximum of 36 people. The scope of the negotiations included the company’s entire personnel, in all its locations, i.e. a total of 65 people.

QPR’s share price ended with a decrease of 8.1 percent to 0.57 euros.

Forest Board the chairman of the board Ilkka Hämälän and to be counted in the close circle of two other board members Metsäliitto Cooperative bought Metsä Board’s shares for around EUR 2.8 million.

A total of 380,000 of the company’s B shares were purchased at an average price of approximately EUR 7.36. The total amount was 2,801,727.27 euros.

At the end of trading, Metsä Board’s share price was down 0.1 percent at 7.47 euros.

The arbitral tribunal appointed by the Redemption Board of the Central Chamber of Commerce confirmed in its decision that Inission ABhas the right to redeem the supplier of power electronics products Enedon minority shares. In order to confirm the redemption right, Nasdaq Helsinki suspended trading in Enedo’s shares on Tuesday before it started.

Ownership of the minority shares is transferred to Inission when the security approved by the arbitration court has been placed. This is expected to happen around June 2, 2023.