Hannes Snellman Counsel to Scandic in the Acquisition of Restel’s Hotel Operations in Finland (Transaction Value EUR 114.5 million)

Scandic Hotels Group has signed an agreement to acquire Restel’s hotel operations in Finland for EUR 114.5 million in cash. Through the acquisition, Scandic will strengthen its position as the leading hotel company in the Nordic countries and become the largest hotel operator in Finland. The transaction is subject to regulatory approval.

Our team included Juha Lindström, Jesper Kostiainen, Erkko Korhonen, Tuuli Pikkarainen, Ninja Pyy, Emilia Uusitalo, Heini Aavaranta, Janne Veneranta, Karoliina Koto, Tapani Manninen and Anette Laulajainen.