Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 19-05-2016 | Practice Area: | Corporate and M&A |
| Deal Title: | AB Novestra Acquisition of Strax Group GmbH | Industry: | Mobile Telecommunications |
| Description: |
Vinge advised AB Novestra (publ) in connection with its acquisition of Strax Group GmbH. The acquisition was approved by the annual general meeting of shareholders in Novestra on April 26, 2016 and the general meeting also resolved to change the name of the company to Strax AB. The acquisition of the shares in Strax Group GmbH was made by an issue in kind where the purchase price consisted of 80 571 293 newly issued shares in Novestra. The newly issued shares were admitted to trading on Nasdaq Stockholm, Small Cap, on May 12, 2016 under the new ticker STRAX.
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| Financial Center: | Stockholm | Value: | 0.00-100.00 |
| Advised Party: | Acquiror | Law Firm | Vinge |
| Target Company Jurisdiction: | Germany | Acquiror Jurisdiction: | Sweden |
| Classification: |
Strategic Buyer Acquisitions Public Company - Recommended Offer |
Lawyer | Jesper Schonbeck |
