Gränges AB’s SEK 1.7 Billion Rights Issue

Roschier represented Joint Global Coordinators and Joint Bookrunners Danske Bank, Handelsbanken and Nordea, while Vinge has advised Gränges AB.

The Board of Directors of Gränges AB has resolved on a fully guaranteed rights issue of approximately SEK 1.7 billion with preferential rights for existing shareholders.

The rights issue was made in order to finance the acquisition of Aluminium Konin, which was completed on 6 November 2020, maintain Gränges’ financial strength and to finance future growth investments in line with Gränges’ strategy.

Gränges is a leading global supplier of rolled aluminium products for heat exchanger applications, specialty packaging and niche markets.

The Roschier team comprised Pontus Enquist (Picture), Christoffer Benninge and Richard Katzman.

The Vinge’s team primarily consisted of Jesper Schönbeck, Rikard Lindahl, Linnéa Sellström, Stephanie Stiernstedt, Anders Sundin Lundberg and Lorin Arabi, Pauline Lagerstrand, Rebecka Målquist, Maria Schultzberg and Henrik Wastenson.

Involved fees earner: Christoffer Benninge – Roschier; Pontus Enquist – Roschier; Richard Katzman – Roschier; Lorin Arabi – Vinge; Pauline Lagerstrand – Vinge; Rikard Lindahl – Vinge; Anders Sundin Lundberg – Vinge; Rebecka Målquist – Vinge; Jesper Schönbeck – Vinge; Maria Schultzberg – Vinge; Linnéa Sellström – Vinge; Stephanie Stiernstedt – Vinge; Henrik Wastenson – Vinge;

Law Firms: Roschier; Vinge;

Clients: Danske Bank; Granges; Handelsbanken; Nordea Bank AB;