Mandate

Vinge advises Ellevio in connection with the acquisition of Edsbyns Elnät AB and bid for AB Edsbyns Elverk (publ)

September 27, 2021

Vinge is advising Ellevio and its group companies in connection with the acquisition of Edsbyns Elnät AB from AB Edsbyns Elverk (publ) and also in relation to Ellevio’s public offer to the shareholders of Edsbyns Elverk regarding the acquisition of all shares in the company. The offer has been recommended by the board of directors of Edsbyns Elverk and the purchase price is set to SEK 385 million. The acceptance period for the offer ends on 22 October 2021.

 

The sale of Edsbyns Elnät AB is conditional upon the adoption of a resolution in favour of the proposal at an extraordinary general meeting of Edsbyns Elverk. The purchase offer is conditional on, among other things, the requisite amendments being made to Edsbyns Elverk’s articles of association in order to permit the transfer of class A shares without being subject to post-transfer purchase rights for the existing members.

 

Ellevio is one of Sweden’s largest electricity network companies with approximately one million customers and 500 employees. Ellevio is owned by the pension managers Folksam, the First Swedish National Pension Fund, the Third Swedish National Pension Fund and OMERS Infrastructure.

 

Vinge’s team consisted of, among others, partner Peter Sundgren (Energy/M&A) together with partner David Andersson (Capital Markets and Public M&A).

 

For further information, please see: https://www.ellevio.se/om-oss/Pressrum/newsroom/2021/september/ellevio-lamnar-nytt-bud-pa-edsbyns-elverk/

REPowerEU – The European Parliament and the Council have assumed their standpoints

In May 2022, the Commission presented its proposal regarding REPowerEU. The purpose of the plan, which is based on the "Fit for 55" parcel , is to change Europe’s energy system by eliminating the EU’s dependency on Russian fossil fuels as well as to tackle the climate crisis. The European Parliament and the Council have now adopted their positions in order to incorporate the plan into the national recovery and resilience plans.
November 29, 2022

Vinge authors the Swedish contribution regarding tax disputes for The Legal 500

International companies run the risk of the erroneous management of tax issues when conducting operations in several jurisdictions. In such event, disputes can arise with the relevant tax authorities. The Legal 500 has now introduced a dedicated chapter on tax disputes in its comparative guide for the first time and Ulrika Bengtsson, advokat and counsel, has been selected to provide a clear picture of the Swedish tax litigation system.
November 09, 2022

The wide reach of the prohibition against circumventing EU sanctions

Against the background of Russia’s invasion of Ukraine, the EU has imposed a number of sanctions, which include a prohibition for companies within the EU to take certain measures in relation to Russia, as well as designated Russian people and entities on the sanction lists. Furthermore, a prohibition to circumvent the sanctions has been introduced in order to ensure that the sanctions are effective also in practice. When it comes to this circumvention prohibition, it is important to be aware of its wide interpretation, as established by the Court of Justice of the European Union and the European Commission.
October 31, 2022