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

26/6/2017

Private acquisition

Value:

€ 114.5 million

Dollar value:

$ 130 million

Status:

Announced

Date:

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

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