Mandate Vinge advises Statoil in connection with transaction concerning Lundin Petroleum and International Petroleum Corporation

February 28, 2017

Vinge advises Statoil ASA (“Statoil”) in connection with a transaction concerning Lundin Petroleum AB (publ) (“Lundin Petroleum”) and International Petroleum Corporation (“IPC”). The board of Lundin Petroleum has proposed to spin-off certain assets outside of Norway into a newly incorporated company, IPC, and to distribute the shares in IPC as dividend in kind to the shareholders of Lundin Petroleum. The intention is to list the shares of IPC on the Toronto Stock Exchange and Nasdaq Stockholm.

Further, the board of IPC has approved that a subsidiary to IPC, after the separate listing, submits a repurchase offer to all shareholders in IPC to acquire shares. Statoil has informed about its intention to sell its shareholding in IPC in the repurchase offer and Statoil has also entered into an agreement with Nemesia, an investment company related to the Lundin family, to sell any remaining shares held by Statoil in IPC to Nemesia which have not been sold through the repurchase offer.

Vinge’s team consists of Dain Hård Nevonen, Göran Nyström and Rikard Lindahl.

Jerker Kjellander is a new partner in Skåne

Dispute resolution expert Jerker Kjellander has been elected as a partner in Vinge’s Skåne office.
November 20, 2020

Amendments to the Swedish Competition Act provide extended powers for the Swedish Competition Authority

Early in 2021, the Swedish Competition Act (2008: 579) will be amended in several important respects. The background to the amendments is Directive (EU) 2019/1 of the European Parliament and of the Council, which aims to harmonize the investigative and sanctioning powers of the European competition authorities in their enforcement of the EU competition rules. Undertakings active in Sweden will be affected by the amendments in several ways.
October 12, 2020