Partial demerger

The partial demerger of Lassila & Tikanoja was completed as planned on 31 December 2025. In the demerger, the shareholders of the former Lassila & Tikanoja (1680140–0) received, for each share they owned in the former Lassila & Tikanoja, one share in the new Lassila & Tikanoja (3555336–9) and one share in Luotea (1680140–0). 

The first trading day for the new shares on Nasdaq Helsinki was 2 January 2026. 

Acquisition Cost of the New Lassila & Tikanoja and Luotea Shares for Tax Purposes Following the Partial Demerger of the Former Lassila & Tikanoja

The Finnish Tax Administration published guidance on 7 April 2026 regarding the determination of the acquisition cost of the new Lassila & Tikanoja and Luotea shares for tax purposes following the partial demerger of the former Lassila & Tikanoja. 

According to the Finnish Tax Administration, the acquisition cost of a share in the new Lassila & Tikanoja Plc (3555336–9) is 75.83 per cent, and the acquisition cost of a share in Luotea Plc (1680140–0) is 24.17 per cent, of the original acquisition cost of a share in the former Lassila & Tikanoja Plc (1680140–0) before the partial demerger. 

Example: If the original acquisition cost paid by a shareholder for a share in the former Lassila & Tikanoja had been EUR 10.00 before the demerger, the acquisition cost of a share in the new Lassila & Tikanoja would be EUR 7.583 and the acquisition cost of a share in Luotea would be EUR 2.417. The Finnish Tax Administration’s full guidance is available on the Vero.fi website (in Finnish).