Mandate

Vinge has advised AMF Pensionsförsäkring in connection with the entry into of an agreement concerning the acquisition of 89.9% of Bergvik Skog Öst from BillerudKorsnäs Skog & Industri

June 24, 2019 M&A

Vinge has advised AMF Pensionsförsäkring AB in connection with an acquisition of 89.9% of the shares in BSÖ Holding AB, the owner of Bergvik Skog Öst AB, from BillerudKorsnäs Skog and Industri Aktiebolag.

The company was valued at SEK 12.2 billion on a debt‑free and cash‑free basis and covers a total of 363 000 hectares of land of which 295 000 hectares are productive forestry land primarily situated in central Sweden. As a part of the transaction, a long‑term agreement was entered into with BillerudKorsnäs for delivery of timber. The investment is AMF’s first direct investment in forestry.

The transaction is conditional upon approval by the Swedish Competition Authority.

Vinge’s team primarily consisted of Jonas Johansson, Carl Sander and Vilhelm Rondahl (M&A), Assur Badur and Karolina Cohrs (Real Property), Thomas Sjöberg and Johan Cederblad (Environmental) and Mathilda Persson (Commercial Agreements and IT).

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