We use cookies to give you a better Web experience. By visiting our website you agree to our use of cookies. Read about cookies
OK
  1. Home
  2. Mandates
  3. Bergvik Skog - acquisition of the Swedish forestry business of Korsnäs and Stora Enso

Mandate Bergvik Skog - acquisition of the Swedish forestry business of Korsnäs and Stora Enso

May 12, 2005

Bergvik Skog AB, a new company created for the purpose of the acquisition, has agreed to acquire the Swedish forestry businesses of Korsnäs AB, the Swedish forestry company and Stora Enso Oy, the Finnish-based paper, packaging and forest products group, for SEK 18bn (EUR 2bn). Bergvik Skog was established by Stora Enso and Korsnäs, who will retain minority shareholdings of 43.3% and 5% respectively in the new company. The rest of the company's shares has been placed with institutional investors. Korsnäs is a wholly owned subsidiary of Industriforvaltnings AB Kinnevik, the Swedish management company. In connection with the acquisition, Bergvik Skog AB negotiated bank loans amounting to SEK 11,1bn.

Vinge acted for Bergvik Skog AB.
Stefan de Hevesy (responsible partner)
Fabian Ekeblad, Katja Cato, Henrik Wenckert (associates)

Clarification of the interpretation of ”nearest suitable railway station”

 Road transport performed by Samskip Sia in Sweden has been confirmed to be within the framework of a permitted combined transport through a decision of the Administrative court of Falun in Sweden. The central question in the case was how to interpret the term “nearest suitable railway station”
June 30, 2020

DAC 6 – EU Directive concerning reportable cross‑border tax arrangements

 DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.
June 04, 2020

The importance of continuous focus on compliance procedures in disrupting times

 A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.
May 28, 2020