Kekkilä-BVB Oy is now a wholly owned subsidiary of Neova Oy

Neova Oy and Dutch company Nielson Belegging en Beheer B.V. have on 19 February 2022 agreed that Neova will acquire the 30% minority stake in Kekkilä-BVB Oy held by Nielson Belegging en Beheer B.V. Kekkilä-BVB Oy was formed at the beginning of 2019, when the Finnish company Kekkilä Oy and the Dutch company BVB Substrates B.V. merged their businesses into Kekkilä-BVB Oy. Neova Oy (formerly Vapo Oy) owned 70 percent of the company and the Dutch van Buuren family company Nielson Belegging en Beheer B.V. 30 percent. The parties have agreed that the purchase price will not be disclosed. Competition authorities did not see any obstacles to this transaction. The transaction was closed on July 1, 2022.