State donates shares of Neste Corporation to Itla Children’s Foundation

As part of the legislative motion submitted by Members of Parliament and approved by Parliament, the government plenary session decided today to donate state-owned shares of Neste Corporation to the Itla Children’s Foundation. The Foundation will receive 922,168 shares worth a maximum of EUR 50 million in honour of the centenary of Finland’s independence.

The Itla Foundation promotes and supports the wellbeing, equality and position of children and families with children living in Finland, and contributes to building a good future for them. The Foundation can also promote and support parenthood as well as children’s growth environment and their upbringing. The Foundation was established in 1987 to mark the 70th anniversary of Finland’s independence.

Due to the donation, the State will in future hold less than 50 per cent (49.74%) of the voting rights carried by the shares in Neste Corporation.

Inquiries: Markku Rajala, Special Adviser, tel. +358 50 396 0018, Prime Minister’s Office, Ilpo Nuutinen, Senior Ministerial Adviser, tel. +358 29 516 0145, Prime Minister’s Office, and Petra Kouvonen, Director, tel. +358 41 455 2280, Itla Children’s Foundation.