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.