Recent work | November 27, 2018

Roschier advises Orkla in their public tender offer for Kotipizza

On 22 November 2018 Orkla ASA and Kotipizza Group Oyj have entered into a combination agreement pursuant to which Orkla will make a voluntary recommended public cash tender offer to purchase all of the issued and outstanding shares in Kotipizza. The shareholders of Kotipizza will be offered a cash consideration of EUR 23.00 for each share, valuing Kotipizza’s equity at approximately EUR 146.1 million. The Board of Directors of Kotipizza has unanimously decided to recommend that the shareholders of Kotipizza accept the tender offer. The offer period under the tender offer is expected to commence on or about 10 December 2018 and to expire on or about 15 January 2019, subject to any extension of the offer period.

The Roschier advisory team included Jon Unnérus, Antti Ihamuotila, Seppo Kymäläinen and Pinja Lindholm.