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Vinge advises RusForest in connection with acquisition of two subsidiaries of Clean Tech East

December 12, 2011

RusForest AB (publ) has acquired all of the shares in Clean Tech East Holding AB’s (publ) wholly owned subsidiaries Eastern Bio Holding AB and B.E.N. Bio Energy Nord Ltd. – which together form Clean Tech East’s Biomass Fuels business segment, whose business is to manufacture and sell wood pellets – for MSEK 78 on a debt-free basis. The acquisition was approved by an Extraordinary General Meeting in Clean Tech East that was held on 9 December 2011. Access, transfer and payment of the purchase price are expected to occur no later than 31 December 2011.

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