ABN AMRO Capital, the private equity business of ABN AMRO, today announces that it has sold Iittala Group Plc for EUR 235 mln. Iittala, a leading homeware company offering a wide assortment of products in modern Scandinavian design, will be sold to an international consumer products company, Fiskars Corporation. The transaction is subject to approval of the competition authorities.

Iittala designs, produces, markets and sells branded homeware products, such as glass, porcelain, and cookware items, as well as cutlery. They are a strong player in Finland, thereafter Sweden and Norway, in the product categories it represents.

ABN AMRO Capital led the management buyout of Iittala in June 2004. Under our ownership the company's strategy has focused on the further development of the retail concept, brand management, efficiency of production and internationalisation of the business. The retail concept development resulted in the opening of 26 additional stores, both Iittala stores,...