Hannes Snellman Counsel to Telia Company in its Divestment of Sergel Group to Marginalen AB and Marginalen Bank Bankaktiebolag

On 21 June 2016, Telia Company announced a divestment of the Sergel Group, a group offering credit management and debt purchase services in the Nordic and Baltic countries, to Marginalen AB and Marginalen Bank Bankaktiebolag, for SEK 2,070 million (approximately EUR 222 million) on a cash and debt-free basis.

Hannes Snellman advised Telia Company on the sale of Sergel Oy and other matters under Finnish law. The Hannes Snellman team included Tuire Kuronen, Anniina Järvinen and Annika Salparanta (M&A, Corporate), Anssi Suominen (Data Protection, Regulatory), Elli Sistonen (Finance, Regulatory), and Karoliina Koto (Employment).