Vinge Logotype
Svenska English 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge represents the Swiss heating, cooling and washing technology company Schulthess Group
Mandate

Vinge represents the Swiss heating, cooling and washing technology company Schulthess Group

April 11, 2011

Vinge represents the Swiss heating, cooling and washing technology company Schulthess Group AG (”Schulthess”) and its owners in connection with NIBE Industrier AB’s (publ) (“NIBE”) acquisition of 31.13% of the shares in Schulthess. NIBE also announces a recommended voluntary public tender offer to the remaining shareholders. The offer, which is a mixed cash and share offer, corresponds to a total equity of CHF 638 million, approximately SEK 4.4 billion. Assuming full acceptance of the offer, shareholders in Schulthess will, upon completion, hold approximately 14.8% of the share capital and 7.1% of the votes in NIBE. The offer is conditional upon certain conditions and closing is expected in the beginning of July.

Schulthess is listed on Six Swiss Exchange. NIBE is listed on NASDAQ OMX Stockholm and will, in connection with the offer, apply for secondary listing of its B-shares on SIX Swiss Exchange.

Partner Rikard Stenberg together with Johan Thiman and Carolina Walther represent Schulthess and its owners.

 

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

 The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.
January 21, 2022

Vinge presents the Swedish chapter for the 2022 version of The Legal 500: Private Equity Country Comparative Guide

 The guide provides an overview of the Swedish Private Equity market and the salient legislation in connection with PE transactions in Sweden.
January 11, 2022

The prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings

 On Tuesday 21 December, the EU Court of Justice delivered its long-awaited judgment in the Bank Melli Iran case (Case C-124/20) on the interpretation of the EU Blocking Statute regarding compliance with third country sanctions. According to the Court, the prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings. Following the Court’s judgment, anyone seeking to terminate a contract with a person or business subject to US sanctions must thoroughly consider if the termination is motivated by other reasons than the existing sanctions and reflect on whether to apply to the Commission for a derogation from the Blocking Statute.
December 23, 2021