Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Tikkurila Oyj
TIKKURILA OYJStock exchange release 23 June 2021 at 5.10 p.m. EEST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE PROHIBITED BY APPLICABLE LAW. PPG Finland Oy ("PPG Finland") has on 11 June 2021 commenced redemption proceedings in respect of shares held by Tikkurila Oyj’s ("Tikkurila") minority shareholders by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act