Orkla ASA and Kotipizza Group Oyj have on 22 November 2018 entered into a combination agreement pursuant to which Orkla will make a voluntary recommended public cash tender offer to purchase all of the issued and outstanding shares in Kotipizza that are not owned by Kotipizza or any of its subsidiaries. In the tender offer, Kotipizza's shareholders will be offered a cash consideration of EUR 23.00 for each share, valuing Kotipizza's equity at approximately EUR 146.1 million. The Board of Directors of Kotipizza has unanimously decided to recommend that the shareholders of Kotipizza accept the tender offer.

Advium acts as the financial advisor to Kotipizza in connection with the tender offer.

Additional information: Stock Exchange Release