Merilampi represented Kesko in its sale of Indoor Group

Merilampi represented Kesko Corporation in its sale of Indoor Group Oy, which is responsible for the Asko and Sotka furniture trade chains, to a company owned by Sievi Capital Oyj, three franchising entrepreneurs from the Sotka chain and Etera Mutual Pension Insurance Company. The debt free price of the sale, structured as a share transaction, is EUR 67 million.

Indoor Group’s net sales in 2016 were EUR 187 million. In addition to webstores, the Asko chain has 34 stores in Finland and 5 in Estonia, and the Sotka chain 52 stores in Finland and 5 in Estonia. The sofa factory Insofa Oy and the Estonian subsidiary Indoor Group AS are also part of Indoor Group.

The transaction will be completed 30 June 2017.