Meriaura Group Plc
Investor news 19 March 2025 at 3.30 p.m. (CET)
Summa Defence participating in discussions on defense support for Ukraine at the Presidential Palace
Summa Defence’s CEO Jussi Holopainen participated today in a meeting between Finnish and Ukrainian state leaders organized for defense industry representatives at the Presidential Palace. The event was attended by President of the Republic of Finland Alexander Stubb, President of Ukraine Volodymyr Zelenskyi, as well as Minister of Defence Antti Häkkänen, Minister of Foreign Affairs Elina Valtonen, and Minister of Finance Riikka Purra, among others.
The meeting discussed defense support for Ukraine and investments in Ukrainian weapons production.
The Ministry of Defense announced in February the launch of a new support program for Ukraine, which will direct orders worth 660 million euros to the Finnish defense industry.
Meriaura Group Plc and Summa Defence Oy to merge with a share exchange
On 29 January 2025, Meriaura Group Plc signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence Oy, which brings together defence and security companies. The transaction will create a strong group of companies focusing on safety and security of supply in Finland, in which dual-use technology will play a significant role. In connection with the arrangement, the Marine Logistics business (Meriaura Oy and its wholly owned subsidiary VG-EcoFuel Oy) will be sold to Meriaura Invest Oy. The name of the new listed company will be Summa Defence Plc. The holding of Meriaura Group’s current shareholders in the new group of companies will be 11.9%, and that of Summa Defence’s shareholders will be 88.1%.
Meriaura Group’s company release about the conditional share exchange agreement can be found at:
MERIAURA GROUP PLC
Further information:
Meriaura Group Plc
CEO Jussi Mälkiä
Phone: +358 40 078 5489
Email: [email protected]
Summa Defence Oy
CEO Jussi Holopainen
Phone: +358 44 517 4543
Email: [email protected]
Meriaura Group in brief
Meriaura Group has two business areas: Marine Logistics and Renewable Energy.
Marine Logistics business is carried out by Meriaura Ltd, which is a major provider of transport for bulk cargo and demanding project deliveries in Northern Europe, especially in the Baltic Sea and North Sea regions. The company provides its customers with competitive and low-emission marine transport services, based on long-term affreightment agreements, modern fleet, and active development of its operational sustainability. In addition, Meriaura has a strong market position in the marine logistics in renewable energy construction projects.
The Marine Logistics business also includes VG-EcoFuel Ltd which produces biofuels from bio-oils and recycled oils generated as industrial by-products.
The Renewable Energy business focuses on comprehensive clean energy systems. Meriaura Energy Ltd designs and delivers clean energy production systems as comprehensive deliveries for industrial use and district heating. The energy production is based on large-scale solar thermal systems implemented using high-performance solar thermal collectors manufactured by the company. The Renewable Energy business also includes Rasol Ltd, specialised in delivering high-quality solar power systems for real estates, companies and solar parks.
Meriaura Group’s share is listed on Nasdaq First North Growth Market Sweden as MERIS and on Nasdaq First North Growth Market Finland as MERIH.
www.meriauragroup.com
The Company’s Certified Adviser is Augment Partners AB, [email protected], tel. +46 8-604 22 55.
