The Finnish retail chain Tokmanni is now considering listing on the Helsinki Stock Exchange’s main market to raise its profile.
Tokmanni is the largest discount store chain in Finland in terms of sales and number of stores. Tokmanni Group’s turnover last year amounted to 755 million EUR. Business chain has 3200 employees and 156 stores around the country.
“Tokmanni has a strong market position in Finland and a long history of profitable growth. In recent years we have invested significantly in the development of our business, “says CEO Heikki Väänänen.
For ScandinavianRetail.com chain has also said that it has prepared itself organisationally for an IPO.
Nordic Capital, which acquired the business chain in 2012, has a stake of 83 percent, the company management owns 6 percent and Rockers Tukku 11 percent.
The brothers Kyösti and Kari Kakkonen founded Tokmanni, 1989.
An IPO provides Tokmanni with the opportunity to broaden the shareholder base and increase the exchange of shares, and access to capital markets, says the company.
“Tokmanni’s management has developed the company’s business with determination and strengthened the company’s position as leading discount store in Finland. As a result of the development the company has grown and retained good profitability, despite the challenging economic situation in Finland.
Implementation of the measure has been laid, which is expected to have a positive potential in the future, and therefore we believe it is the right time to list the company on the stock exchange and to offer new shareholders the opportunity to be a part of the company’s development. ” says Chairman of the Board of Directors, Harri Sivula.