COBALT assists Stockmann in AB Lindex.public tender offer

On 3 December 2007 Stockmann plc has announced completion of a public tender offer to acquire all the outstanding shares in AB Lindex. The public offer has resulted in Stockmann acquiring 96.4% of shares in Lindex. Following the acquisition Stockmann group will be operating in 8 countries. Pro forma sales of a calendar year will amount to approximately EUR 2.3 billion and the number of personnel to nearly 16,000. Stockmann will, as soon as practicable after settlement, initiate compulsory redemption proceedings under the Swedish Companies Act to acquire all remaining shares in Lindex. In connection therewith, Stockmann will promote a delisting of Lindex shares.

COBALT assisted Stockmann in the public tender offer process. We assisted Stockmann in obtaining clearance from the Latvian Competition Council.