Krogerus advises Stora Enso on successful completion of Junnikkala acquisition

Krogerus advised Stora Enso Oyj on the successful completion of its acquisition of Junnikkala Oy, a Finnish sawmill company. The transaction was completed on 30 April 2025 following four-month merger control proceedings at the Finnish Competition and Consumer Authority (FCCA) that resulted in the unconditional approval of the transaction on 14 April 2025.

In January 2025, the FCCA had initiated an in-depth investigation of the acquisition, as its preliminary assessment suggested that it may adversely affect the competitive structure of the market for the purchase of logs. The FCCA ultimately concluded that there was no significant impediment to effective competition and approved the transaction. Krogerus also coordinated merger filings in various other countries.

Partner Leena Lindberg led the advice on competition law matters. She was primarily assisted by Counsel Minna Siekkinen and Associate Jonni Tiainen. Partner Sami Martola led the Krogerus team acting on the transaction and he was primarily assisted by Senior Associate Niclas Ruotsalainen.