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  3. Vinge has advised SCA in connection with the financing of the investment in the Obbola kraftliner mill

Mandate Vinge has advised SCA in connection with the financing of the investment in the Obbola kraftliner mill

July 22, 2020

The total investment for Svenska Cellulosa Aktiebolaget SCA (publ) (”SCA”) amounts to SEK 7.5 billion over a five-year period.

The investment will mainly be financed by operating cash flow, complemented by regular group financing activities which consists of, inter alia, the entry into of a facility agreement with export financing elements (including an export financing guarantee from Euler Hermes Aktiengesellschaft). Further details regarding the export financing have not been published.

SCA was introduced on the Stockholm Stock Exchange in 1950 and is today traded on, inter alia, Nasdaq Stockholm. SCA’s press release and further information on the investment is found here.

Vinge’s team primarily consisted of Mikael Ståhl and Ludvig Wettergren.

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

Vinge contributes to IUMI Eye

 International Union of Marine Insurers (IUMI) is preparing for its first web based conference – Stockholm 2020 – of which Vinge is a proud sponsor. In the latest edition of IUMI Eye, published just in time for the conference, Vinge’s Paula Bäckdén and Sweden Insurance’s senior advisor Mikaela Tamm discuss the implications of waiving liability limitations.
September 15, 2020

Vinge – Best law firm for female business lawyers

 Vinge has been awarded “Best Nordic Business Law Firm for Women” at the European Women in Business Law Awards which took place in London on 10 September. For the eighth time, Vinge has won the award as the law firm which has been most successful in relation to its gender equality work.
September 10, 2020