IFLR1000

Scandic Hotel Group €114.5 million acquisition of Restel hotels in Finland

26/6/2017
Private acquisition
Select tab

€ 114.5 million

$ 130 million

Announced

26/6/2017

Overview:

  • Scandic Hotel Group has acquired the hotel operations of Restel in Finland for €114.5 million in cash.
  • Through the transaction Scandic strengthens its position as a leading hotel company in the Nordics and becomes Finland's largest hotel operator.

Katrin Kostadinova - Data analyst

Jurisdiction:

Finland

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Finland

Industry sector:

Tourism

Firm:
Hannes Snellman

Party: Scandic Hotels Group (Acquirer)

Lawyer: Juha Lindström

Related deals