Stockmann to sell its Delicatessen business

30 June 2017

Practices

Industries

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.