Mandate VINGE ADVISES FORTUM with SALE OF Fortum Distribution

March 16, 2015

Fortum and a consortium consisting of the First Swedish National Pension Fund (12.5%), the Third Swedish National Pension Fund (20%) and Folksam (17.5%) as well as the international infrastructure investment company, Borealis Infrastructure Management Inc. (50%) signed a purchase agreement in respect of Fortum Distribution AB, a company which constitutes Fortum’s electricity network operation in Sweden. 

The total purchase price is EUR 6.6 billion (equivalent to approximately SEK 60.6 billion) on a cash free/debt free basis. Fortum anticipates that the transaction will be completed during the second quarter of 2015, provided that the requisite regulatory approvals and the agreement’s customary conditions are fulfilled. Fortum anticipates reporting a non-recurring revenue item for the second quarter of 2015 of approximately EUR 4.4 billion, equivalent to approximately EUR 5 per share.

Vinge’s team consisted of responsible partner Johan Göthberg together with associates Gustav Jönsson and Andrea Jägerstedt (M&A), partners Jonas Eklund and Carl Johan af Petersens and Fredrik Lundblom as well as associates Emilie Håkansson, Helena Wanhainen and Johan Cederblad (regulatory). 

Clarification of the interpretation of ”nearest suitable railway station”

Road transport performed by Samskip Sia in Sweden has been confirmed to be within the framework of a permitted combined transport through a decision of the Administrative court of Falun in Sweden. The central question in the case was how to interpret the term “nearest suitable railway station”
June 30, 2020

DAC 6 – EU Directive concerning reportable cross‑border tax arrangements

DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.
June 04, 2020

The importance of continuous focus on compliance procedures in disrupting times

A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.
May 28, 2020