Elisa has launched a tender offer to all shareholders in regional internet service provider (ISP) Anvia at a price of EUR2,000 (USD2,232) per share. The offer represents an extension of the offer that began on 15 April 2015, with same terms now available until 26 June. The offer price will be reduced accordingly if Anvia pays out a dividend and/or other funds to which a shareholder is entitled before the end of the tender offer.
Elisa has been the controlling shareholder in Anvia since 8 April this year, when the Finnish Competition and Consumer Authority (KKV) approved the takeover. Anvia is said to be the fourth largest telecoms operator in Finland, posting revenue of EUR106 million in 2014.