Cleary Gottlieb acted as international counsel to Finnish tire manufacturer Nokian Tyres plc in the private placement of 1,074,000 newly issued shares, including 74,000 shares purchased pursuant to an over-allotment option. The offering, though a primary capital raising, was conducted as a block trade without the preparation of a prospectus and priced on February 17.
Helsinki-based Nokian Tyres is a leading tire manufacturer, with its shares listed on the Helsinki Stock Exchange.