Hannes Snellman Advises Lassila & Tikanoja plc in the Separation of its Circular Economy Business Area into an Independent Listed Company

Hannes Snellman is advising Lassila & Tikanoja plc in the separation of its Circular Economy business area by way of a partial demerger into a new independent listed company to be named Lassila & Tikanoja Plc. In connection with the demerger, the current Lassila & Tikanoja would retain its Facility Services business area, and the company is intended to be re-named Luotea Plc. The new Lassila & Tikanoja is expected to be a leading market player in the Nordic circular economy market positioned for growth and expansion both organically and through acquisitions by cross-selling to its customer base, broadening its geographical presence, and enhancing the material value of waste and material chain integration. The contemplated completion date of the partial demerger is 31 December 2025. Upon the completion of the demerger, the shares in the new Lassila & Tikanoja are expected to be listed on the official list of Nasdaq Helsinki.

Hannes Snellman’s core advisory team comprised Sonja Siggberg, Klaus Ilmonen, Jon Termonen, Tobias Palmgren, Linnea Lehtonen, Sofi Lehtinen, Charlotta Palm, Anni Ollus and Melisa Göllü (Public M&A), Matias Moberg, Jouko Markkanen, Pauliina Sutinen and Rosa Narvio (Finance), Mikael Wood, Aleksi Maunumäki (Real Assets), Anniina Somppi, Annika Tiitola and Jasmin Metwally (IP & Technology), Anna Nyberg and Annika Sillanpää (Employment).