MVC Mobile VideoCommunication GmbH agreed to acquire unknown majority stake in Elisa Videra Oy from Elisa Oyj (HLSE:ELISA) on November 2, 2023. The transaction is being conducted as a share swap. KLP will have a 62.5% holding and Elisa 37.5% of MVC Videra.

Going forward, the company will not be consolidated into the Elisa Group. Sven Damberger, owner of KLP and CEO of MVC, will continue to serve as CEO of the new company. The transaction is subject to approval by authority in Finland, and the estimated closing is in December 2023.

Carlsquare GmbH acted as financial advisor to Elisa.