Practices

Finance

Languages

Finnish, Swedish, English

Josefina Aalto

Counsel Finance

Practices

Finance

Languages

Finnish, Swedish, English

Josefina advises clients on all types of financing transactions, including acquisition finance, real estate finance, project finance, and restructuring and refinancing. Josefina has extensive experience in advising clients on energy and infrastructure related financing transactions, with a particular focus on renewable energy. She is also active in Hannes Snellman’s ESG Group.

Selected References

Hannes Snellman advised Faron Pharmaceuticals Ltd in its convertible bond arrangement of up to EUR 35 million and the issuance of amortising unsecured convertible bonds in connection with the refinancing of the company’s existing senior secured loan. Faron Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing treatment of cancers via novel immunotherapies. Faron’s shares are listed on Nasdaq First North Growth Market Finland and as depositary interests, representing entitlements to shares, on AIM in the United Kingdom.

Hannes Snellman’s core advisory team comprised Anniina Järvinen, Riikka Rannikko, Robert Gordin, and Claes Backström (Capital Markets and Corporate), Josefina Aalto (Finance), Jenni Parviainen (Tax), and Legal Assistant Anni Nohteri.

Contacts

The Rajamäenkylä wind farm in Karijoki and Isojoki will be completed in 2028 and comprise 54 Nordex N175/6.8 wind turbines with a total capacity of 367 MW. The Honkakangas wind farm in Halsua will be completed in 2027 and comprise 16 Nordex N175/6.525 wind turbines with a total capacity of around 105 MW. The projects have a long-term PPA with a multinational corporate offtaker, and OX2 has also secured a long-term debt financing agreement with Santander Corporate & Investment Banking. The investment amounts to more than EUR 700 million, and the wind farms will remain under OX2’s ownership once constructed.

Hannes Snellman advised OX2 in respect of the construction contracts for full grid and balance of plant, turbine procurement, PPA, development, as well as Finnish law aspects of the project financing.

Our core team comprised Maria Landtman, Klaus Metsä-Simola, Marjaana Martikainen, Katja Perätalo, Minna Juhola, Elisa Panula, Emmi Malm, Julia Ranta, Linda Härkönen, Rauli Elenius, Alisa Ainonen, Elina Uitto, and Jenny Karlsson, (Real Assets), Josefina Aalto, Anna Huttunen, and Oona Aalto (Finance), Piia Ahonen and Harri Vehviläinen (Tax), Olli Mäkelä (Dispute Resolution), and Legal Assistants Victoria Reiter, Salla Mäki, Zoe Röpelinen, Melisa Göllü, and Laura Pöyhönen.

Contacts

Parties

Imerys (Seller), Flacks Group (Buyer)

Transaction

Imerys’ disposal of assets serving the paper market to an affiliate of Flacks Group, a US investment firm.

Deal value

Net equity value of approx. EUR 150 million

Role

Finnish counsel to Imerys

Contacts

Parties

Locus Energy Ab, SUSI Renewable Energy Fund II

Transaction

Hannes Snellman acted as counsel to Locus Energy Ab, a long-term active owner and developer of local infrastructure for sustainable energy production in the Nordic region, in its acquisition of portfolio of three operating Finnish wind farms from SUSI Renewable Energy Fund II. The wind farms Pirttiselkä, Leppävirta and Muntila consists of 13 wind turbine generators and contribute approximately 125 GWh in annual production.

Deal Value

Not public

Role

Counsel to Locus Energy Ab, a long-term active owner and developer of local infrastructure for sustainable energy production in the Nordic region, in its acquisition of portfolio of three operating Finnish wind farms from SUSI Renewable Energy Fund II

Contacts

Parties

Danske Bank A/S, Nordea Bank Abp, OP Corporate Bank plc, Skandinaviska Enskilda Banken AB (publ), Swedbank AB (publ), SATO Corporation, and Sato-Asunnot Oy

Transaction

Counsel to Danske Bank A/S, Nordea Bank Abp, OP Corporate Bank plc, Skandinaviska Enskilda Banken AB (publ), and Swedbank AB (publ) in relation to SATO’s EUR 250 million senior secured revolving credit facility agreement

Deal Value

EUR 250 million

Role

Danske Bank A/S, Nordea Bank Abp, OP Corporate Bank plc, Skandinaviska Enskilda Banken AB (publ), andSwedbank AB (publ)  

Contacts

  • Antti Nyberg

    Partner +358 40 838 9375 antti.nyberg@hannessnellman.com

  • Josefina Aalto

    Counsel +358 50 505 7427 josefina.aalto@hannessnellman.com

  • Elisa Viiri

    Associate +358 40 574 9599 elisa.viiri@hannessnellman.com

  • Samuel Hardy

    Associate +358 44 273 2795 samuel.hardy@hannessnellman.com

Parties

UrbanLight, Alma Property Partners, Alea Partners

Transaction

Hannes Snellman acted as counsel to UrbanLight, a joint venture between Alma Property Partners and Alea Partners, in a sale and leaseback of two logistics properties located in Tuusula with Kreate.

Deal Value

Value not public

Contacts

Parties

UrbanLight, Alma Property Partners, Alea Partners

Transaction

Hannes Snellman acted as counsel to UrbanLight, a joint venture between Alma Property Partners and Alea Partners, in the acquisition of two properties with 27.000 sqm of logistics and warehouse space located near to Helsinki-Vantaa Airport.

Deal Value

Value not public

Role

Counsel to UrbanLight

Contacts

Parties

Keliber Oy

Transaction

Counsel to Sibanye-Stillwater’s subsidiary Keliber Oy in respect of matters of Finnish law in the EUR 500 million green loan financing for the Keliber lithium project in Finland through its subsidiary Keliber Technology Oy. The green loan secures the final capital expenditure funding required for the construction and development of the Keliber lithium project’s mining, processing and refining facilities in Kaustinen, Kronoby and Kokkola, Finland.

Deal Value

EUR 500 million

Role

Counsel to Keliber Oy

Contacts

Parties

Nordea Bank Abp, Danske Bank A/S, Planmeca Oy

Transaction

Nordea Bank Abp and Danske Bank A/S's two term loan facility agreements in aggregate of EUR 150 million for Planmeca Oy

Deal Value

EUR 150 million

Role

Counsel to Nordea Bank Abp and Danske Bank A/S

Contacts

Parties

Faron Pharmaceuticals Ltd

Transaction

Hannes Snellman acted as counsel to Faron Pharmaceuticals Ltd in its public share offering of EUR 30.7 million and the preceding issuance of convertible capital loans in the total amount of EUR 3.2 million and a private placement of EUR 4.8 million. Faron Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing treatment of cancers via novel immunotherapies. Faron’s shares are listed on Nasdaq First North Growth Market Finland and as depositary interests, representing entitlements to shares, on AIM in the United Kingdom. The offering consisted of a public offering to private individuals and legal entities in Finland and an institutional offering to institutional investors internationally, and a separate open offer to qualifying holders of depositary interests in the United Kingdom and elsewhere and a retail offer to retail investors in the United Kingdom.

Deal Value

EUR 30.7 million

Role

Counsel to Faron Pharmaceuticals Ltd

Contacts

  • Riikka Rannikko

    Partner +358 40 731 1611 riikka.rannikko@hannessnellman.com

  • Anniina Järvinen

    Partner +358 50 377 1177 anniina.jarvinen@hannessnellman.com

  • Tommi Kovero

    Senior Associate +358 40 523 9292 tommi.kovero@hannessnellman.com

  • Roope Sevón

    Associate +358 44 281 9880 roope.sevon@hannessnellman.com

  • Robert Gordin

    Senior Associate +358 44 079 9799 robert.gordin@hannessnellman.com

  • Sofi Lehtinen

    Associate +358 40 620 7199 sofi.lehtinen@hannessnellman.com

  • Aki Salmela

    Senior Associate +358 50 307 9056 aki.salmela@hannessnellman.com

  • Linnea Lehtonen

    Senior Associate +358 50 352 4855 linnea.lehtonen@hannessnellman.com

  • Josefina Aalto

    Counsel +358 50 505 7427 josefina.aalto@hannessnellman.com

  • Elisa Viiri

    Associate +358 40 574 9599 elisa.viiri@hannessnellman.com

  • Jenni Parviainen

    Managing Associate +358 40 808 6523 jenni.parviainen@hannessnellman.com

  • Anni Nohteri

    Legal Assistant + 358 40 682 2161 anni.nohteri@hannessnellman.com

  • Melisa Göllü

    Legal Assistant +358 40 612 6240 melisa.gollu@hannessnellman.com

Parties

Cargotec Corporation and Kalmar Corporation

Transaction

Cargotec’s partial demerger and separation of Kalmar

Deal Value

Approx. EUR 2.0 billion (illustrative carve-out sales)

Role

Counsel to Cargotec Corporation and Kalmar Corporation

Contacts

Parties

UrbanLight, Alma Property Partners and Alea Partners 

Transaction

Counsel to UrbanLight, a joint venture between Alma Property Partners and Alea Partners, in the acquisition of a last-mile logistics property located at Niittyvillankuja 3, Koivuhaka, a strong logistics area near Helsinki Airport.

Deal value

Value not public

Role

Counsel to Urbanlight, a joint venture between Alma Property Partners and Alea Partners

Contacts

Parties

OP Corporate Bank plc, Danske Bank A/S, SATO Corporation and Sato-Asunnot Oy

Transaction

Counsel to OP Corporate Bank plc and Danske Bank A/S in relation to SATO’s EUR 100 million sustainability linked secured term loan facility agreement.

Deal Value

EUR 100 million

Role

Counsel to OP Corporate Bank plc and Danske Bank A/S

Contacts

Parties:

LegacyinSight BC (Borrower), Eurazeo Investment Manager, S.A (Arranger) and Glas SAS (Agent)

Transaction:

Counsel to the arranger and lenders in refinancing of LegacyinSight BC Oy’s existing facilities

Deal Value:

Value not public

Role:

Counsel to Eurazeo Investment Manager

Contacts

Parties:

Otava Ltd, Alma Media Corporation

Transaction:

Otava Ltd's mandatory public tender offer for Alma Media Corporation

Deal value: 

EUR 523.7 million

Role:

Counsel to Otava Ltd

Contacts

Rankings

  • Ranked among Leading Associates, Banking and Finance, Legal 500, 2025

Memberships and Positions of Trust

  • Member of the Finnish Bar Association

Professional Background

  • Counsel, Hannes Snellman, 2023–
  • Bird & Bird Attorneys Ltd, 2021–2023
  • Krogerus Attorneys Ltd, 2015–2021

Education

  • Master of Laws, University of Helsinki, 2014