Stockmann plans management buyout of Seppälä

Lindex owners Stockmann, has signed a memorandum of understanding regarding the selling of its subsidiary, Seppälä Oy, in a management buyout to Seppälä’s current CEO, Eveliina Melentjeff and her husband Timo Melentjeff.

The transaction will take place on 1 April 2015 and will cover 82 Seppälä stores in Finland and 20 in Estonia.

Read more at Stockmann.com

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