Multitude’s Conversion Into an SE And Relocation of Registered Office From Finland to Germany

Castrén & Snellman advised Multitude SE (formerly Ferratum Oyj) on the deal.

Multitude SE (formerly Ferratum Oyj) announced its conversion from a Finnish public limited liability company into an SE company and the relocation of its registered office from Finland to Germany. Multitude’s board resolved to approve a transfer proposal on 9 July 2021.

The relocation will be carried out in accordance with the Finnish Act on European Company and the SE Regulation.

Multitude’s new registered office will be seated in Hamburg and the relocation will take effect at the end of 2021.

The final decision on the relocation is subject to approval by the general meeting of Multitude’s shareholders.

Multitude is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Multitude has expanded to operate in 19 countries across Europe, South and North America, Australia and Asia. Multitude SE is listed on the Prime Standard of Frankfurt Stock Exchange.

The Castrén & Snellman team included Janne Lauha (Picture), Teresa Kauppila, Suvi Kettunen, Hanna Salokangas, Alexis Huldén and Christer Svartström.

Involved fees earner: Alexis Huldén – Castrén & Snellman; Teresa Kauppila – Castrén & Snellman; Suvi Kettunen – Castrén & Snellman; Janne Lauha – Castrén & Snellman; Hanna Salokangas – Castrén & Snellman; Christer Svartström – Castrén & Snellman;

Law Firms: Castrén & Snellman;

Clients: Multitude SE (formerly Ferratum Oyj);

Author: Federica Tiefenthaler