Hannes Snellman Counsel to Oriola in the Formation of a Joint Venture with Euroapotheca Combining Swedish Retail Pharmacy Chains Kronans Apotek and Apoteksgruppen

Hannes Snellman acted as counsel to Oriola Oyj in the the formation of a joint venture with Euroapotheca, combining the Swedish retail pharmacy chains Kronans Apotek and Apoteksgruppen.

Oriola Oyj will contribute Kronans Apotek and certain related assets and Euroapotheca will contribute Apotekgruppen to the joint venture for a combined enterprise value of approximately EUR 700 million.

The transaction is subject to regulatory approvals.

Hannes Snellman’s core advisory team consisted of Mikael Klang, Ammar Khan, Iiris Ikkelä and Tanja Schnitt (Private M&A), Mikko Heinonen and Annemari Rosi (Public M&A), Peter Forsberg, David Olander, Marcus Nyberg and Oskar Helsing (Competition), Elisabeth Vestin and Olof Östman (IP/Tech), Jenny Lundberg and Lisa Pålsson (Employment), Markus Bremer, Carolina Wahlby and Oscar Bengtsson (Finance & Restructuring) and Andreas Wingren (Real Assets).