Skip navigation
Newswire

Finland sells national car inspection firm

HELSINKI, March 31 (Reuters) - The Finnish transport ministry said on Monday it would sell Suomen Autokatsastus Oy, the firm that inspects and registers cars, for 59 million euros ($63 million) as it streamlines its ownership portfolio.

It said in a statement the buyer was Finnish private equity group MB Rahastot.

Last year Suomen Autokatsastus employed over 1,000 staff and operated more than 150 inspection stations in Finland. Its turnover was 62.4 million euros and operating profit was 4.7 million.

Nordea Securties, part of Nordic banking group Nordea , advised the government on the deal.