Finland’s former PM to be new president after rival concedes

Centre-right Alexander Stubb declares victory and is congratulated by Pekka Haavisto

Finland's centre-right former prime minister Alexander Stubb will become the next president after winning an election runoff with rival Pekka Haavisto in the country's most high-stakes presidential election in a generation.

Stubb, of the National Coalition party, declared victory on Sunday night and Haavisto, a former foreign minister and a member of the Green party running as an independent, congratulated him.