FIN-FSA decided to grant Stephen Industries Inc Oy and Kustaa Poutiainen an exemption from the obligation to launch a bid specified under Chapter 11, section 19, of the Securities Markets Act, concerning Bioretec Oy

FIN-FSA Decision (J. No. Fiva FIVA/2026/623)

On 26 March 2026, the Financial Supervisory Authority (FIN-FSA), pursuant to chapter 11, section 26 of the Securities Markets Act (746/2012), decided to grant Stephen Industries Inc Oy and Kustaa Poutiainen exemption from the obligation, under chapter 11, section 19 of the said Act, to launch a bid for Bioretec Oy.

Viewing the decision

The decision will be available to view, until 14 May 2026, at the FIN-FSA premises at Snellmaninkatu 6, Helsinki.

An appeal against the findings of the decision may be lodged to the Helsinki Administrative Court within 30 days of notification of the decision. More detailed instructions on the appeal procedure are to be found in the instructions on the appeal procedure appended to the decision. Pursuant to section 62 of the Administrative Procedure Act (434/2003), all relevant parties are deemed to have received the decision on the seventh day following announcement of this decision.

For further information, please contact

Vili Kauramäki, Legal Advisor, telephone +358 09 183 5095.

Helsinki, 9 April 2026

Financial Supervisory Authority