SGN Group Oy entered into an agreement to acquire Oy Hobby Hall Ab from Stockmann Oyj ABP (HLSE:STCBV) on April 28, 2016. The transaction includes Hobby Hall’s assets and liabilities and all of its business operations, excluding logistics, as of the date of transfer. On completion, Hobby Hall’s sales and support personnel in all locations will be transferred to SGN as existing employees. In 2015, Hobby Hall generated revenues of €86 million. The transaction will be completed on December 31, 2016 and the business will be transferred on January 1, 2017. The transaction price is not expected to have a significant effect on Stockmann’s result. Eija Kuittinen, Jan Kovero, Juho-Jaakko leppänen and Jonas Hjertson of BDO acted as financial advisors to SGN. Bird & Bird acted as legal advisor to SGN. Roschier Attorneys Ltd acted as legal advisor to Stockmann plc. SGN Group Oy completed the acquisition of Oy Hobby Hall Ab from Stockmann Oyj ABP (HLSE:STCBV) on January 1, 2017.