Ramirent sold to French company
Finnish construction equipment company Ramirent is being bought by a French company. Loxam, a machine rental company, offered €970 million for Ramirent and the board of directors has approved the bid. “The price offer by Loxam offers an attractive cash bonus to our shareholders. With its history of acquisitions and business integration, I believe that Loxam offers Ramirent a good home” says chairman Ulf Lundahl this morning. Ramirent has around 2900 employees and the turnover last year was just over €700 million.
South Korean President starts state visit
The President of South Korea is starting a state visit to Finland today, along with his wife. The couple will be received by Finnish President Sauli Niinistö and First Lady Jenni Haukio at the Presidential Palace this morning. The two presidents will discuss regional issues and multilateral cooperation, and later hold a joint press conference. During the visit Moon Jae-in will also meet Prime Minister Antti Rinne (SDP) and speaks at a business forum.
Cash requirement drops for limited companies
Anyone wanting to establish a limited company in Finland won’t need to show that they’ve got €2500 cash reserves in future. From 1st July, that requirement goes away. It comes about after a change to the Companies Act, to will help more entrepreneurs start their own business. The National Board of Patents and Registration PRH says the €2500 limit will be scrapped for limited companies, housing companies and mutual companies.
Tuomo Rask helps Boston to 7th Stanely Cup game
This year’s Stanley Cup competition in North America is going into a final, decisive game after the Boston Bruins thumped St. Louis Blues 5-1 to give each time three wins in the series. And keeping the St. Louis goal count so low was thanks to star Finnish goalkeeper Tuomo Rask who stopped 28 shots during the game on Sunday night. “He’s a big reason why we’re here, and tonight he was on hire” team mate Patrice Bergeron told reporters after the game about Rask’s performance. The deciding 7th game takes place on Wednesday, when Boston gets the chance to win the Stanley Cup for the first time in eight years. St. Louis is the oldest NHL team never to have won the championship.
Monday morning weather
It’s a very mild and pleasant start to the week across most of the country, with temperatures everywhere south of about Oulu around +16C on Monday morning – if a couple of degrees cooler in coastal areas. In Lapland however, temperatures drop down to +4C in the far north with a chance of wet snow in the forecast around Kilpisjärvi in the north west, and rain in places as well – and localised thunderstorms over central Lapland during the day as well.