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).


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