Helsinki Halli sale wrangle rumbles on
The Russian owners of the former Hartwall Arena have reportedly blocked the sale of the venue, which has been mothballed since early 2022
News By James Hanley | 23 October 2024
The stalemate over the future of Finland’s Russian-owned Helsinki Halli has continued after the proposed sale of the arena fell through. The former Hartwall Arena (cap.
The stalemate over the future of Finland’s Russian-owned Helsinki Halli has continued after the proposed sale of the arena fell through.
The former Hartwall Arena (cap. 15,500), which is owned by Arena Events Oy (AEO) – a company co-founded by oligarchs Gennady Timchenko and Roman Rotenberg – has been mothballed since Russia’s invasion of Ukraine in early 2022 due to sanctions against Timchenko and the Rotenberg family.
Rotenberg and Timchenko own a combined 44% of the arena’s holding company, Helsinki Halli Oy, but their combined voting power in the firm accounts for 93.9%.
The City of Helsinki signalled its intention to…
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