Orkla has today signed a combination agreement to launch an offer to purchase all shares in Kotipizza Group, the owner of Finland's largest chain of pizza restaurants. The offer price is EUR 23 per share, which values Kotipizza Group's equity at app. EUR 146.1m. Kotipizza Group has app. 100 FTEs and LTM revenue and EBITDA of EUR 89.6m and 7.1m, respectively, corresponding to an EV/EBITDA (LTM) of 21.7x.