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Vinge advises Ellevio on acquisition of Elektra Nät and Helsinge Elhandel

August 31, 2020 Employment and Benefits Capital Markets and Public M&A M&A Environmental Law

Vinge has acted for Ellevio in connection with its acquisition of the shares in Elektra Nät AB, an electricity distribution network operator, and AB Helsinge Elhandel, an energy supplier, from AB Edsbyns Elverk (publ).

The sale is conditional on e.g. approval from the extraordinary shareholders meeting of Edsbyns Elverk and closing is expected to take place on 4 January 2021. In parallel with Ellevio’s acquisition, Edsbyns Elverk has also recommended the extraordinary shareholders meeting to approve a sale of the group’s hydro power business to Fröslida Kraft KB as well as a sale of the electricity installation company Elektra i Hälsingland AB to Kraftkonsult i Skandinavien AB.

Ellevio is one of Sweden’s biggest distribution network operators with ca. 960,000 customers and 500 employees. Ellevio is owned by Tredje AP fonden, Folksam, Första AP fonden and OMERS Infrastructure.

Vinge’s team comprised partner in charge Peter Sundgren (Energy/M&A) and associates Michaela Cronemyr (M&A) and Oliviva Belding (M&A), partner David Andersson (Capital markets and Public M&A) and associate Ludvig Frithiof (Capital markets and Public M&A), partner Johan Cederblad (Environmental law/Real Estate) and associates Kristoffer Larson (Real Estate), Olof Löfvenberg (Environmental law/Real Estate), Karl-Hugo Engdahl (Corporate Commercial), Sara Strandberg (Employment) and Lisa Ullman (Employment).

 

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