Hannes Snellman counsel to Sanitec Corporation in public takeover
Hannes Snellman acted as counsel to Sanitec Corporation in the public takeover offer of the shares in Sanitec made by Geberit. Sanitec has only been listed on NASDAQ Stockholm since December 2013. The total value of the offer amounts to SEK 9,700 million and the price represents a premium of 41.9 per cent compared to the volume-weighted average share price over the previous 30 calendar days. The offer has been well received by the market and the Sanitec share price has increased by 53 per cent during the morning.