Mandate Vinge advises Norwegian Property ASA in connection with the sale of Norgani Hotels AS

November 08, 2010

Vinge has advised Norwegian Property ASA a company listed on the Oslo Stock Exchange in connection with the sale of Norgani Hotels AS to Sech Holding AB, a company owned by Pandox AB and Heches Holding AB, which, in turn, are controlled by Eiendomsspar AS and the Sundt family. Completion took place on 4 November and the purchase price amounted to approximately SEK 9.9 billion. Norgani Hotels AS conducts hotel ownership and management operations in the Nordic countries. The real estate portfolio consists of 73 hotels, 41 of which are located in Sweden. Following the acquisition, Pandox AB will be one of the leading hotel property owners in Europe with 119 hotels.

Vinge’s team consisted of partners Morgan Hallén and Fredrik Sonander and several associates including Christina Carrick.

Sanctions round-up

Not long time ago sanctions were a rare occurrence which only involved obscure products and countries, and which were decided by the members of the United Nations Security Council. Today, the European Union and, in particular, the United States, impose sanctions and other trade restrictions with high frequency which have the potential to affect any type of transaction. Below you will find a summary of some recent developments.
December 22, 2020

EU Commission criticizes Sweden for its application of the rules on combined transports

Through a formal notice to Sweden, the European Commission has criticized the inadequate application of Directive 92/106/ECC on common rules for certain forms of combined transport of goods between Member States (the “Combined Transports Directive”). The notice mainly concerns the Swedish Transport Agency's application of the term "nearest suitable railway station"
December 11, 2020