Mandate

Vinge Advises Tech Data on the Acquisition of Scribona Assets

March 11, 2008

Vinge represents Tech Data in connection to the acquisition of Scribona’s assets in Sweden, Finland and Norway. The business deal, which was made official on March the 4th, is conditioned by the approval of Scribona’s shareholders, which annual general meeting will take place on the 29th of April, but also by the approval of the competition authority of the European Union.   

Tech Data is listed on NASDAQ and it is one of the world’s largest distributors of Information Technology, it has an estimated revenue of USD 23 billion. Scribona is listed on Small Cap on OMX Nordic Exchange and one of Sweden, Finland and Norway’s leading distributors of Information Technology products. Scribona’s revenue has an approximate value of SEK 8 billions. Tech Data will, by the acquisition, become the largest distributor of Information Technology in the Nordic countries.

Partners Ulf Sallnäs (M&A), Fredrik Dahl (Employment) and Johan Karlsson (Antitrust) joined by associates Martin Hall (M&A), Emma Olsson (Employment) as well as Peter Alstergren and economist Mattias Ganslandt (Antitrust) made up Vinge’s team.      

European Commission provides sanctions compliance guidance

The European Commission has recently issued three opinions regarding the interpretation of asset freeze provisions in certain sanctions legislation pertaining to Central African Republic, Ukraine, Libya and Syria. The opinions are also of relevance for other sanctions regimes which provide for the same or similar restrictions. Therefore, their practical relevance goes far beyond the sanctions regimes in the context of which they were issued and they therefore provide for helpful guidance regarding the required thresholds for sanctions compliance generally.
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New partners and counsels appointed at Vinge’s Stockholm office

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