Norton Rose Fulbright has advised Lantmännen on the SEK2.5 billion financing of its acquisition of Vaasan Group, arranged by Swedbank.

Lantmännen is one of the largest groups within food, bio-energy and agriculture in the Nordic region with an annual turnover of approximately SEK33 billion. The VAASAN Group is one of the most significant bakery operators in Northern Europe as the leading bakery company in Finland and the Baltic region. The acquisition makes the combined group one of the largest food and agri-groups in the Nordic and Baltic countries.

Tomas Gardfors, head of Nordic commented:

“We are delighted to be involved in this significant transaction, creating one of the biggest food and agri groups in the Nordic and Baltic regions. Working closely with Lantmännen, our team was able to arrange the financing in a very short period of time, to be able to meet the needs of the transaction timeline.”

The Norton Rose Fulbright team was led by Tomas Gärdfors and was assisted by tax partner Matt Hodkin, Katie McDougall and Rickard Lilliestierna.