Cederquist advises Nobia AB on the sale of its majority shareholding in the Poggenpohl group

Nobia AB and Adcuram Group AG have on 19 December 2016 entered into an agreement regarding Adcuram's acquisition of Nobia AB's majority shareholding in the Poggenpohl group, a leading global manufacturer of luxury kitchens having an annual turnover of approximately MEUR 110 and over 500 employees.

Nobia AB, Europe's largest kitchen manufacturer, is listed on Nasdaq Stockholm.

The completion of the transaction is subject to clearance from competition authorities in Germany and Austria.

Cederquist's team was led by partner Maja Wettergren (M&A) assisted by associates Magnus Staaf (M&A), Viktor Eriksson (M&A), Pierre Olsson (M&A), Kristoffer Molin (competition law), Nils Mansfeld (Banking & Finance) and Berndt Pettersson (Banking & Finance).