Krogerus advises Aspo on the sale of Leipurin to Lantmännen

Krogerus advised Aspo, a company listed on the official list of Nasdaq Helsinki, on the sale of its Leipurin business to Lantmännen, an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. The transaction has an enterprise value of EUR 63 million.

Leipurin offers food ingredients and expert services in the bakery, food industry and food service markets in Finland, Sweden and the Baltic countries. Leipurin has approximately 160 employees. The divestment of Leipurin significantly strengthens Aspo’s balance sheet and enables future growth investments for Aspo's Telko business. The divestment of Leipurin is a major step in executing Aspo's communicated vision, along with Telko's already completed M&A activities and Aspo's ESL Shipping's significant investments in best-in-class vessels.

The Krogerus team was led by Partners Marcus Möller and Antti Luhtala, who were primarily assisted by Senior Associate Annika Mattila and Associates Henrik Lyytikäinen and Miia Salo. Partner Simo Autio advised on regulatory matters and he was assisted by Associates Maria Hirvelä and Oskar Kaskela. Partner Pessi Honkasalo advised on technology and intellectual property matters and he was assisted by Counsel Salha Hanna and Senior Associates Maria Lilius and Iiris Rantanen. Partner Paul Raade advised on securities law matters and he was assisted by Senior Associate Olli Silvennoinen and Associate Peter Partanen. Partners Ritva Aalto and Samu Lassila advised on tax and structuring matters and they were assisted by Senior Associate Anna Corrêa de Mora.