Vinge Logotype
Svenska English 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge advises Pandox AB publ in conjunction with MSEK 3700 financing for the acquisition of 18 hotel properties in Germany
Mandate

Vinge advises Pandox AB publ in conjunction with MSEK 3700 financing for the acquisition of 18 hotel properties in Germany

December 21, 2016

Vinge has advised Pandox AB (publ), acting as local counsel in the negotiations with the creditors regarding a MSEK 3,700 loan in connection with Pandox AB (publ)’s acquisition of 18 hotel properties in Germany.

The acquired hotel portfolio was expected to contribute approximately MSEK 150 in cash revenues in 2016. The hotels fall within the upper middle class segment and are primarily operated under the trademark Leonardo Hotels. The sellers are Leopard Group and Fattal Hotels.

The transaction is conditional upon approval from the salient German public authorities.

Vinge’s team consisted of Mikael Ståhl, Helena Håkansson, André Isacson and Isabelle Jengsell.

Related news

Foreign direct investments – what applies in conjunction with security-sensitive activities?

Sweden is one of only a few EU countries which currently does not have a general regulation governing foreign direct investments. However, a legislative proposal is expected this spring. Vinge provides an overview of the current Swedish legal position in the Sweden chapter relating to Foreign Direct Investments (FDI) in the International Comparative Legal Guide.
February 03, 2023

Sanctions update December (part 2)

Further to our previous sanctions newsletters we herewith inform about recent sanctions developments, following the Council’s adoption of the ninth sanction package on 16 December 2022, and an agreement as to a price cap on Russian gas.
December 30, 2022

COP27 – one step closer to climate justice

 COP27 was concluded on 18 November 2022 after two weeks of negotiations in Sharm El Sheikh in Egypt with the presence of leaders and representatives from 190 countries. The 1.5 °C target was a priority item on the agenda ahead of COP27, along with the efforts to support developing countries, which are particularly vulnerable to the effects of climate change. Amongst the EU’s top priorities ahead of the conference were to accelerate the phase out of coal, as well as to abolish inefficient fossil fuel subsidies.
December 19, 2022