Stockmann to sell its Delicatessen business

Avance advises Stockmann plc on the competition law aspects of the sale of the Stockmann Delicatessen business operations in Finland to S Group’s regional cooperatives.

The acquisition price of the transaction is EUR 27 million on a cash and debt-free basis. The transaction is expected to close late Q4 2017, subject to regulatory approval and other conditions customary for this type of transaction.