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.

 

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