Elisa sells majority stake in Elisa Videra's business
ELISA INVESTOR NEWS RELEASE, 2 NOVEMBER 2023 AT 3:05 PMThe businesses of Elisa Corporation's subsidiary Elisa Videra and the German company MVC Mobile VideoCommunication GmbH (owned by KLP Vermögensverwaltungs GmbH) will be combined into MVC. KLP will have a 62.5% holding and Elisa 37.5% of MVC Videra. The transaction is being conducted as a share swap. Going forward, the company will not be consolidated into the Elisa Group. The transaction is subject to approval by authority in Finland, and the estimated closing is in December 2023. In line with its international businesses strategy,