That 700,000-share trade is likely the one mentioned in the news below, meaning Otava has received permission from the Finnish Competition and Consumer Authority (KKV) to execute it / exceed the 40% ownership threshold.
To “celebrate” (?) the trade, the Chairman of the Board was also replaced. Lindholm is the CEO of the Otava Group.
Whatever corporate restructurings might occur, Otava plays “the” role. Otava itself has increased its ownership over the years, and at the 30% threshold, it made a modest/mandatory tender offer, and without any premium, managed to gain just over a percentage point more ownership at a price of 9.1 euros in summer 2023.
Alma Media Corporation’s Chairman of the Board changes - Alma Media Alma Media Oyj:n hallituksen puheenjohtaja vaihtuu - Alma Media
Otava has received KKV’s (Finnish Competition and Consumer Authority) approval to increase its ownership in Alma Media - Otava Group Otava on saanut KKV:n hyväksynnän kasvattaa omistustaan Alma Mediassa - Otavakonserni
Otava Oy increases its ownership in Alma Media Corporation - Otava Group Otava Oy kasvattaa omistustaan Alma Media Oyj:ssä - Otavakonserni