I investigated further into the rise in Finnair’s share price, as there seems to be no end in sight. Since October 2025, the Helsinki branch of Skandinaviska Enskilda Banken Ab (SEB) has been increasing its stake in Finnair. Its ownership was 8.55% on October 31, 2025, and reached 10.73% by May 31, 2026. SEB is the second-largest shareholder in Finnair immediately after the State of Finland (the latter holding 55.68%). SEB has acted, among other things, as a financial advisor in SAS’s debt restructuring. Unfortunately, no clear conclusions regarding overvaluation can be drawn from this information. As SEB has increased its ownership stake in Finnair, it has naturally contributed to the rise in Finnair’s share value.
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