Shares and shareholders

MuniFin’s owners include municipalities and corporate entities under their control, public sector pension provider Keva and the State of Finland.

Shares and share capital

The total number of the company’s shares is 39,063,798. They are divided into 26,331,646 Class A shares and 12,732,152 Class B shares, which carry equal voting rights and equal rights to the distribution of the company’s assets.

The company’s share capital is €43,008,044.20.

The company’s shares are not publicly traded.

Shareholders

MuniFin’s shareholders include Finnish municipalities and corporate entities under their control, public sector pension provider Keva and the State of Finland. MuniFin’s Articles of Association contain consent and redemption clauses that limit changes in shareholders.

The company is not aware of any shareholder agreements that would significantly impact its business.


ShareholderShare ownership, %
Keva30.7
State of Finland16.0
City of Helsinki10.4
City of Espoo4.0
City of Turku*2.7
City of Vantaa / VAV Asunnot Oy2.5
City of Tampere*2.5
City of Oulu2.3
City of Jyväskylä1.8
City of Kuopio1.5
Other shareholders, total25.0
*The figure includes the whole city group, including shares potentially owned by a company controlled controlled by the city.