Bilia AB has acquired Eneqvist Bil AB through the subsidiary Bilia Personbilar AB, for an undisclosed sum. Stockholm-based Eneqvist Bil AB is an authorised retailer of Volvo and Renault. The seller was Eneqvist-bolagen AB, the parent company in a family owned group of approximately 15 subsidiaries. Bilia Personbilar and Eneqvist-bolagen signed a letter of intent with a view to Bilia acquiring all the shares in Eneqvist Bil in December 2003. The transaction was realised after the approval of the Swedish Competition Authority in February 2004. In 2003 the annual turnover of Eneqvist Bil AB amounted to MSEK 500 (MEUR 55).
Vinge acted for Bilia AB.
Torbjörn Sköld (responsible partner)
Magnus Pauli (associate)