Mandate

Vinge has advised Gränges in connection with its rights issue

November 25, 2020

Vinge has advised Gränges AB (publ) in connection with a fully guaranteed rights issue of approximately SEK 1.7 billion before transaction costs.

The purpose of the rights issue is to finance the acquisition of Aluminium Konin, maintain Gränges’ financial strength and to finance future growth investments in line with Gränges’ strategy. The new shares subscribed for with subscription rights are expected to be admitted to trading on Nasdaq Stockholm on December 22, 2020.

Gränges is a leading global supplier of rolled aluminium products for heat exchanger applications, speciality packaging and niche markets. The company develops, produces and markets advanced materials that enhance efficiency in the customers’ manufacturing process and the performance of the final products. The company’s geographical markets are Europe, Asia and the Americas with production facilities in all three regions and a total annual capacity of 560,000 metric tonnes. Gränges has 2,400 employees and net sales of SEK 13 billion. The share is listed on Nasdaq Stockholm.

Vinge’s team primarily consisted of Jesper Schönbeck, Rikard Lindahl, Linnéa Sellström, Stephanie Stiernstedt, Anders Sundin Lundberg and Lorin Arabi (Capital Markets and Public M&A), Pauline Lagerstrand and Rebecka Målquist (Banking and Finance) as well as Maria Schultzberg and Henrik Wastenson (Tax).

Vinge authors the Swedish contribution regarding tax disputes for The Legal 500

International companies run the risk of the erroneous management of tax issues when conducting operations in several jurisdictions. In such event, disputes can arise with the relevant tax authorities. The Legal 500 has now introduced a dedicated chapter on tax disputes in its comparative guide for the first time and Ulrika Bengtsson, advokat and counsel, has been selected to provide a clear picture of the Swedish tax litigation system.
November 09, 2022

The wide reach of the prohibition against circumventing EU sanctions

Against the background of Russia’s invasion of Ukraine, the EU has imposed a number of sanctions, which include a prohibition for companies within the EU to take certain measures in relation to Russia, as well as designated Russian people and entities on the sanction lists. Furthermore, a prohibition to circumvent the sanctions has been introduced in order to ensure that the sanctions are effective also in practice. When it comes to this circumvention prohibition, it is important to be aware of its wide interpretation, as established by the Court of Justice of the European Union and the European Commission.
October 31, 2022

Sanctions update 14 October

Further to our previous sanctions updates of 25 February, 3 March, 11 March, 16 March , 14 April and June 8 and 22 July, we herewith provide a further update of recent sanctions developments following Russia’s war against Ukraine:
October 14, 2022