Home Press Releases Extension of review regarding acquisition of Restel’s hotel operations

Extension of review regarding acquisition of Restel’s hotel operations

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The Finnish Competition Authority has announced that the review of Scandic Hotels Group’s (“Scandic”) proposed acquisition of Restel’s hotel operations in Finland will be extended until 5 December 2017.
The Finnish Market Court has ruled that the Finnish Competition Authority’s period of review for Scandic’s proposed acquisition of Restel’s hotel operations in Finland will be extended from 24 November to 5 December 2017.
Scandic announced its proposed acquisition of Restel on 21 June 2017 and on 24 August, the Competition Authority announced that it would initiate further proceedings of the acquisition.
Scandic still expects the transaction to close late Q4 2017.

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