FCG has finished its strategic initiative to focus on Finnish market

FCG Finnish Consulting Group Oy has completed the divestment of its Bulgarian subsidiary FCG Povvik EAD (“FCG Povvik”) through management buyout on 29 October 2024. The entire share capital of the company was sold to private individuals, including Miroslava Todorova who has previously acted as the country manager of FCG Bulgaria and the executive director of FCG Povvik.

The signing of the deal was originally announced on 23 September 2024 and the closing of the transaction was subject to customary closing conditions. As announced in late-2023 in connection with the divestment of international development consulting business line, FCG’s focus is on the Finnish market where our mission is to support the public and private sectors in building a more sustainable society.

“During the past two years FCG has undergone a major transformation to achieve a sharp focus on core business operations. While executing major M&A transactions and implement-ing organizational changes, we also have heavily invested in our people and their well-being. In the meanwhile, we have constantly been able to increase our profitability which is ex-tremely important now when we ramp up our growth plans,” says Tommi Kajasoja, CEO of FCG.

Following the transaction, FCG does not have any operating business entities outside Finland.

Further information:

Tommi Kajasoja, CEO, FCG, requests for interviews via Helena Karioja (tel. +358 40 662 7373