I was looking at the shareholder lists for Luotea and Lassila & Tikanoja yesterday evening, a few observations. Proprius appears to have exited Luotea entirely but continues as a shareholder in L&T. Oldenburg’s Phoebus has also significantly reduced its holding in Luotea while increasing it in L&T. The most interesting point is that Luotea’s nominee-registered ownership has risen to 17.36%, whereas L&T has remained roughly unchanged at 11.93%. My own completely speculative hunch suggests that some foreign entity might potentially see M&A opportunities here 
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