MANDATE Vinge advises Ellevio

Oct. 25, 2016

Vinge advises Ellevio on the acquisition of electricity network business in Nynäshamn (Nynäshamn Energi AB) from Kraftringen Energi. As a result, approximately 16,000 customers get a new network owner. The electricity network in Nynäshamn/Ösmo borders Ellevio’s regional network in Stockholm and further strengthens Ellevio’s already strong position in the Greater Stockholm area.

Ellevio is Sweden’s largest independent electricity network company with approximately 915,000 customers and 400 employees. Ellevio is owned by the Swedish Third National Pension Fund, Folksam, the Swedish First National Pension Fund and Borealis Infrastructure Management.

Closing of the transaction is subject to customary closing conditions. Closing is expected to take place no later than 30 November 2016.

Vinge’s team consisted primarily of responsible partner Johan Göthberg (Energy) together with associate Erik Claesson (M&A), partner Eva Fredriksson (IT), associate Matilda Persson (IT), Johan Cederblad (environment), Matilda Gustafsson (real estate), Sara Strandberg (employment) and Carolina Sandell (commercial agreements).