Helsinki bids to expropriate Russian-owned arena
The city is stepping up its efforts to seize Finland's largest indoor arena, which has been shuttered since early 2022
News By James Hanley | 8 November 2024
The City of Helsinki is taking legal action as it steps up its efforts to expropriate Finland’s largest arena from its Russian owners. Helsinki Halli (cap.
15,500) is owned by Arena Events Oy (AEO) – a company co-founded by oligarchs Gennady Timchenko and Roman Rotenberg – and has been shuttered since the end of February 2022 due to sanctions relating to Russia’s invasion of Ukraine.
“Making it available for use again is very important for the fields of culture and sports, as…
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