Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 13-03-2015 | Practice Area: | Corporate and M&A |
| Deal Title: | Borealis/Consortium Acquisition of Fortum Distribution AB | Industry: | Electricity |
| Description: |
Fortum and a consortium consisting of the First Swedish National Pension Fund (12.5%), the Third Swedish National Pension Fund (20%) and Folksam (17.5%) as well as the international infrastructure investment company, Borealis Infrastructure Management Inc. (50%) signed a purchase agreement in respect of Fortum Distribution AB, a company which constitutes Fortum's electricity network operation in Sweden.
The total purchase price was EUR 6.6 billion (equivalent to approximately SEK 60.6 billion) on a cash free/debt free basis.
Vinge's team consisted of responsible partner Johan Gothberg together with associates Gustav Jonsson and Andrea Jagerstedt.
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| Financial Center: | Stockholm | Value: | 5000.01-10000.00 |
| Advised Party: | Private Equity Investor | Law Firm | Vinge |
| Target Company Jurisdiction | Sweden | Acquiror Jurisdiction | Sweden,Austria |
| Classification: |
Financial Buyer Acquisitions Primary Buy-Out |
Lawyer | Jonas Bergstrom |
