Ostrobothnia’s Arvo sells its Leden holdings for around 11 million euros

Hanza Group and Ostrobothnia Arvo Investment Cooperative have signed a sales agreement today, according to which Hanza will buy of the Leden Group the entire stock.

When the deal is completed, to the estimated basic purchase price of 35 million euros Arvo will receive EUR 10.8 million from its Leden ownership and a capital gain of approximately EUR 6.6 million.

In addition, a possible additional purchase price has been agreed based on Leden Group’s financial performance in the 2025 financial year. The additional purchase price can be a maximum of 15 million euros.

“Value has played a key role in enabling Leden Group’s growth until now. The company started when four players from the same industry united in the spring of 2021. A significant development step in the company’s story has also been the investment of a new, state-of-the-art factory in Oulaisi”, CEO of Arvo Jari Pirinen states in the announcement.

“From now on, Leden Group’s growth will continue as part of the Hanza Group, which wants to strengthen its operations especially in Finland and of course also in Estonia.”

The deal is subject to the approval of the Finnish and Estonian competition authorities, and it is estimated to be completed in the first quarter of 2025.

Arvo has been Leden Group’s largest shareholder with a 31.17 percent holding.