Oy Lival makes takeover bid for Nordic Aluminium

Oy Lival Ab has made a takeover bid for the extrusions company Nordic Aluminium Plc located in Kirkkonummi, Finland. Oy Lival Ab is fully owned by Stig Lival-Lindström who is Nordic Aluminium Oyj’s chairman of the board of directors. Oy Lival Ab owns 71.19% of Nordic Aluminium’s shares and votes. In addition Mr Lival-Lindström owns 2.75% of the company’s shares and votes. Varma Mutual Pension Insurance Co. that holds 6% of the company’s shares has given its commitment to the bidder to accept the takeover bid.