Sale of Opel Finland and the Baltic Opel business

Opel group

Posted on

18 Sep

2018

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Fast facts

Status:

Completed in November 2018

Cross-border:

Yes

Deal value:

Not disclosed. The turnover is estimated at 200 million euro.

Cross-border transactions today require very good multi-jurisdictional planning ahead, since once the negotiations commence, all parties require quick solutions and the finalization of the deal.

Johan Ă…kermarck, M&A Partner
Dittmar & Indrenius > References > Sale of Opel Finland and the Baltic Opel business

We advised Opel in the sale of its Finnish importer company Opel Finland Oy and the Baltic Opel import business.

As part of the PSA Group’s PACE! strategy, Opel sold the Baltic and Finnish Opel import business to Opel Finland’s distributor LänsiAuto Oy. In connection with the transaction, the Baltic Opel import business was transferred to Opel Finland Oy and was included in the transaction perimeter.

We advised the Opel group in the process together with local legal counsel in the Estonian, Latvian, Lithuanian and Hungarian jurisdictions. We acted as lead counsel and were responsible for the coordination in five countries as well as strategic and legal advice on the transaction documentation and in the negotiations.

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