Helsinki said last year that Russian-Finnish energy billionaire Gennady Timchenko and Roman Rotenberg, scion of the powerful Rotenberg family, would face expropriation unless they voluntarily sold the arena. The capital city initiated a forced takeover on ...

HELSINKI - Sanctions-hit Russian owners have sold a closed sports and events arena in Helsinki, the Finnish Foreign Ministry told Reuters on Tuesday. Read more at straitstimes.com.

The city of Helsinki is initiating a compulsory purchase of the largest sports arena in the Finnish capital from its Russian owners, who have been sanctioned. Source: Reuters Details: In 2023, Helsinki announced that Russian-Finnish businessmen Gennady Timchenko and Roman Rotenberg,

The city of Helsinki has moved to forcibly acquire its largest sports arena from sanctioned Russian owners, reports Reuters. In 2023, Helsinki notified Russian-Finnish businessmen Gennadi Timchenko and Roman Rotenberg—who own the arena through their company—that the property would be expropriated if not sold voluntarily.

HELSINKI - The city of Helsinki will initiate a forced takeover of the Finnish capital's biggest sports and events arena from its sanctions-hit Russian owners, the city's executive governing board said.