OLVI PLC STOCK EXCHANGE RELEASE 2 March 2018 at 10.30 am
FINNISH COMPETITION AND CONSUMER AUTHORITY HAS APPROVED THE ACQUISITION OF SERVAALI
Finnish Competition and Consumer Authority has approved the acquisition in which Olvi plc has agreed to buy from Momentin Group 80 percent of the share capital of Servaali Oy.
Olvi Plc has notified in stock exchange release on 1 February 2018 that it's buying from Momentum 80 percent of the share capital of the Finnish-owned company Servaali Oy. Servaali Oy is one of Finland's largest private importers of alcoholic beverages. The acquisition takes in Servaali's operations in Finland and Sweden.
With the acquisition, Olvi is expanding its product portfolio to wines, strengthening its market position in mild alcoholic beverages and responds actively to the potential for growth provided by the changing operating environment.
The acquisition is expected to come into effect within the second quarter after fulfillment of other terms of trade.
More information: Lasse Aho, CEO, Olvi Plc
Tel. +358 (0)290 00 1050, or +358 (0)400 203 600
DISTRIBUTION:
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https://www.olvi.fi/en/
Olve032018
