Management of Tilatukku signed an agreement to acquire 60% stake in Tilatukku Oy from Panostaja Oyj (HLSE:PNA1V) on April 9, 2020. The enterprise value of Tilatukku Oy in the arrangement is approximately €1.8 million. As of October 31, 2019 Tilatukku Oy reported net sales of €7.2 million, EBIT of -0.17 million, equity of €2.1 million and total assets of €5 million. As part of the transaction, Tilatukku Group will continue to operate as an independent company with Tomi Pirinen as its Chief Executive Officer. Once the deal has been completed, Tilatukku Group will be fully removed from Panostaja Group’s profit/loss from continuing operations for the review period and reference period. Management of Tilatukku cancelled the acquisition of 60% stake in Tilatukku Oy from Panostaja Oyj (HLSE:PNA1V) on April 9, 2021.