Merilampi represents Kesko Food Ltd in its acquisition of the entire share capital in Suomen Lähikauppa Oy from the private equity investment firm Triton. The net sales of Suomen Lähikauppa in 2014 were EUR 999.2 million, and it has 643 Siwa and Valintatalo stores and 4,100 employees.
Kesko is a Finnish listed trading sector company. Kesko operates in the grocery trade, the home improvement and specialty goods trade and the car trade. In 2014, Kesko’s net sales totaled EUR 9.1 billion and it employed nearly 20,000 people.
The completion of the acquisition is subject to the approval of the Finnish Competition and Consumer Authority and the fulfilment of other terms and conditions of the transaction. The acquisition is expected to be completed in the first half of 2016.