Mandate Vinge advises Skåne Dairy in connection with its sale of shares in ProViva AB to Danone and formation of a joint venture

Vinge has advised Skåne Dairy in connection with the sale of 51 per cent of the shares in ProViva AB to Danone. Pursuant to the terms of the agreement, the parties’ joint ownership of the company will commence at the end of 2010 and Danone will thereafter increase its stake in ProViva over the course of an 11-year period culminating in the company ultimately becoming wholly-owned by Danone. ProViva is a health drink containing a bacteria called Lactobacillus plantarum 299v, which was developed by Skåne Dairy in co-operation with Probi. The Danone Group is one of the world’s leading providers of fresh dairy products and its products include the Swedish registered brands Actimel, Activia and Danio.

Vinge’s team consisted of partner Björn Mullaart together with associates Kristian Ford, Anna Jonsson and Markus Larsson. Partner Ingela Malmborg and associate Therese Lindholm provided employment law advice and Ingela Malmborg together with associate Mathias Lindquist provided environmental law and permit compliance advice.