A twist in Rimi’s story: the Baltics’ biggest deal in a decade is closed!

Deal closed: €1.3 billion milestone for Baltic M&A market!

The sale of Rimi Baltic Group by ICA Gruppen to Salling Group is now complete. With 314 stores and 11,000 employees across the Baltics, this isn’t just the biggest retail deal in the region – it’s the largest M&A transaction here in a decade.

“This transaction was executed in a very short time, although it was one of the most complex and large-scale matters in the Baltic market. And it is a strong strategic move for the regional retail players – ICA Gruppen and Salling Group,” says Dovilė Burgienė, Managing Partner at WALLESS Lithuania.

WALLESS was on board, advising throughout, alongside J.P. Morgan and Gernandt & Danielsson. A truly cross-border effort by our Baltic legal team.

Congrats to all parties!