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:

New statute prohibits unfair terms and conditions and practices in conjunction with the purchase of agricultural and food products

The so-called UTP Act prohibits buyers from using certain terms and conditions and practices against suppliers of agricultural and food products. The Swedish Competition Authority exercises supervision and can, among other things, carry out unannounced inspections and order individual to attend formal interviews. In conjunction with violations, sanctions such as injunctions subject to a default fine or a sanction fee of up to one per cent of the buyer’s annual turnover can be imposed. The UTP Act will enter into force on 1 November 2021 and will also be applicable to contracts which are entered into prior to this date.
October 05, 2021

Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
September 30, 2021

European Commission provides sanctions compliance guidance

The European Commission has recently issued three opinions regarding the interpretation of asset freeze provisions in certain sanctions legislation pertaining to Central African Republic, Ukraine, Libya and Syria. The opinions are also of relevance for other sanctions regimes which provide for the same or similar restrictions. Therefore, their practical relevance goes far beyond the sanctions regimes in the context of which they were issued and they therefore provide for helpful guidance regarding the required thresholds for sanctions compliance generally.
September 20, 2021