Preem operates around 500 filling stations in Sweden, as well as refineries in Lysekil and Gothenburg which in total represent over 40% of Sweden’s energy needs for transportation and 80% of its refining capacity. Preem and Varo will jointly become Europe’s second largest renewable fuel producer and account for almost 10% of all road and marine fuels sold in Europe.
The transaction is subject to customary regulatory approvals.
Vinge's team primarily consisted of Samra Tesser, Peter Sundgren, Vilhelm Rondahl, Gustav Persson, Alexander Rüdén, Ian Linde and Matilda Hamner (M&A), Albert Wållgren, Linn Adelwald, Calle Tengwall Pagels and Karl-Gustaw Tobola (Banking & Finance), Johan Cederblad (Environmental Law), Martin Boström and Mario Saad (Corporate Commercial), Hanna Kövamees (Real Estate and Construction), Emil Lindwall and Agnes Pigg (Employment and Benefits), Daniel Wendelsson, Lovisa Lewin, Dagne Sabockis and Sara Hammond (Competition & Regulatory), Rebecka Målquist (IP), Carla Håkansson (IT), Gulestan Ali (Compliance) and Caroline Löv and Ellinore Boström Andersson (Transaction Support).
