Mandate Vinge advises Gränges in conjunction with acquisition of Aluminium Konin

November 28, 2019

Vinge has advised Gränges AB (publ) in connection with the acquisition of Aluminium Konin, a Polish aluminium manufacturer, for SEK 2.3 billion from Boryszew Group. In connection with the transaction, Gränges intends to perform a rights issue for SEK 2 billion. In order to finance the acquisition, Gränges has entered into a bridge financing facility agreement with certain Nordic banks for SEK 2.3 billion.

Gränges is a leading global supplier of rolled aluminium products for heat exchanger applications and other niche markets in Europe, Asia and the United States. The company has a turnover of approximately SEK 13 billion and has approximately 1,800 employees. Aluminium Konin is a Polish manufacturer of rolled aluminium, with a turnover of SEK 3 billion and has approximately 750 employees.

The transaction is conditional upon the consent of the relevant competition authorities.

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