Mandate

Vinge advises Borlänge municipality in conjunction with the European Commission’s state aid review of the real estate transfer to IKEA and Ikano

May 07, 2012

Vinge has advised Borlänge municipality and the municipally-owned company, Norra Backa i Borlänge AB in connection with the European Commission’s state aid review of the real estate transfer to IKEA and Ikano.

In 2010, Norra Backa i Borlänge AB and Borlänge municipality sold two properties to IKEA and Ikano for construction of, among other things, an IKEA superstore. However, in 2011 a complaint was submitted to the European Commission alleging that the properties were sold well below market value and that the municipality had thereby provided IKEA and Ikano with unlawful state aid. Following two reviews with questions being submitted to the European Commission, the Commission has now stated that the transaction does not constitute any form of state aid for the benefit of the purchasers.

Vinge’s team consisted of partner Martin Johansson and associate Hanna Danwall at Vinge’s Brussels office.

“We have once again received confirmation that the municipality acted correctly and this matter may now be allowed to rest. A lot of people have been waiting for this decision, including Borlänge residents and investors. An IKEA superstore has a significant value, both in terms of Borlänge’s attractiveness at various different levels and for the future prospects of our municipality” says Jan Bohman, the chairman of the municipal executive board and chairman of Norra Backa AB, in a press release from Borlänge municipality. 

Related

Vinge has advised Behold Ventures in the fundraising of Behold Ventures’ first-time fund

Behold Ventures held its final closing on 27 June 2025, thereby securing investor commitments to its first-time fund amounting to approximately SEK 550 million from an international investor base, comprising the European Investment Fund (EIF), among others.
July 10, 2025

Vinge advises Main Capital in connection with the sale of Alfa eCare

Vinge has advised Main Capital in connection with the sale of Alfa eCare Holding AB and its subsidiaries (“Alfa eCare”) to SDB Groep B.V. (“SDB”)
July 10, 2025

Vinge is advising on the establishment of Ballista Capital

Ballista Capital held its final closing on 9 June 2025. The investor base primarily comprises family offices and investors with strong ties to northern Sweden.
July 07, 2025