OptiGroup and Pamark decided to abandon proposed transaction

Following the press release of November 16, 2022 OptiGroup and the Finnish B2B wholesaler Pamark Business Oy announce that they have decided to abandon the proposed transaction.

After a full phase 2 investigation to the proposed transaction, the Finnish Competition and Consumer Authority (FCCA) has concluded that the acquisition will raise competition concerns in the market for cleaning and hygiene products especially to larger customers in Finland.

Despite the good faith efforts to develop a remedy commitment package, the parties consider that the receipt of FCCA approvals for the consummation of the transaction on acceptable terms and within short seems unlikely. OptiGroup and Pamark have therefore agreed to terminate the SPA and withdraw from the closing of the transaction.

For further information, please contact:
Sören Gaardboe, President and CEO, OptiGroup, soren.gaardboe@optigroup.com
Thomas Eriksson, CFO and SVP Finance, OptiGroup,  investorrelations@optigroup.com 
Stefan Sikander, Corporate Communication Director, OptiGroup, stefan.sikander@optigroup.com

About OptiGroup
OptiGroup, with net sales of approximately EUR 1.7 billion and more than 2,000 employees, is a leading European distribution Group. OptiGroup companies supports more than 105,000 B2B customers, primarily within cleaning & facility management, hotel & restaurant, health & medical care, manufacturing industry and the graphical sector, with products and customised supply solutions that streamline operations and promote a more successful business. The OptiGroup head office is located in Gothenburg, Sweden. More information at www.optigroup.com.