Mandate

Vinge advises Lantmännen in connection with formation of poultry group together with CapVest

April 05, 2013

Vinge has advised Lantmännen co-operative association in connection with the sale of Kronfågel to a newly-formed company which will become the Nordic region’s leading poultry producer and in which Lantmännen will remain a stakeholder with 48% of the voting capital.

The new group, which will be jointly owned together with the British private equity company, CapVest, will consist of Kronfågel, Swehatch and Skånefågel in Sweden, Danpo in Denmark and Cardinal Foods in Norway and will have an annual turnover of approximately SEK 5.4 billion. The transaction is subject to approval by the relevant competition authorities in Denmark, Norway and Sweden.

Vinge’s team consisted of responsible partner Christina Kokko together with associates Paul Dali, Johan Mattsson, Mia Örnfeldt, Gustav Jönsson and Filip Öhrner as well as Fredrik Gustafsson (employment and pensions), Karin Isacson (employment and pensions), Johan Cederblad (environmental and permit issues). Partner Mikael Ståhl and associates Louise Brorsson Salomon, Sofia Graflund and Albert Wållgren advised on external financing issues relating to the new group.

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.
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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