References/7 Apr 2015

Borenius advised Stockmann Plc in its divestment of Seppälä

We advised Stockmann plc in the sale of Seppälä Oy in a management buyout to Seppälä’s current CEO, Eveliina Melentjeff and her husband Timo Melentjeff. The transaction covers 82 Seppälä stores in Finland and 20 in Estonia. Seppälä’s revenue in 2014 was EUR 92.6 million. The purchase price of Seppälä will not have a significant effect on Stockmann’s earnings.

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Johan Roman