Vinge Logotype
Svenska English 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge advises Bergs Timber AB in connection with its in kind acquisition of Jarl Timber AB
Mandate

Vinge advises Bergs Timber AB in connection with its in kind acquisition of Jarl Timber AB

July 19, 2016

Vinge has advised Bergs Timber AB (publ) (”Bergs Timber”) on capital markets issues in connection with its acquisition of Jarl Timber AB.

The acquisition was approved by the annual general meeting of shareholders in Bergs Timber on June 28, 2016. The acquisition of the shares in Jarl Timber AB was made by an issue in kind where the purchase price consisted of 46 338 430 newly issued shares in Bergs Timber. The newly issued shares were admitted to trading on Nasdaq Stockholm, Small Cap, on July 12, 2016.

Bergs Timber produces and sells sawn and processed timber products with an emphasis on the construction market. Total sawmill capacity under the current production structure is approximately 345,000 m³ of sawn timber, of which more than half is processed. The Group offers a full range of silvicultural services, ranging from advising forest owners to clear felling.

Vinge’s team primarily consisted of Jesper Schönbeck, David Andersson and Joel Wahlberg.

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

 The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.
January 21, 2022

Vinge presents the Swedish chapter for the 2022 version of The Legal 500: Private Equity Country Comparative Guide

 The guide provides an overview of the Swedish Private Equity market and the salient legislation in connection with PE transactions in Sweden.
January 11, 2022

The prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings

 On Tuesday 21 December, the EU Court of Justice delivered its long-awaited judgment in the Bank Melli Iran case (Case C-124/20) on the interpretation of the EU Blocking Statute regarding compliance with third country sanctions. According to the Court, the prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings. Following the Court’s judgment, anyone seeking to terminate a contract with a person or business subject to US sanctions must thoroughly consider if the termination is motivated by other reasons than the existing sanctions and reflect on whether to apply to the Commission for a derogation from the Blocking Statute.
December 23, 2021