Recent work | November 18, 2020

Roschier represented Danske Bank, Handelsbanken and Nordea in the fully guaranteed SEK 1.7 billion rights issue in 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. Roschier acted as legal advisor to the Joint Global Coordinators and Joint Bookrunners Danske Bank, Handelsbanken and Nordea in connection with the rights issue.

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.

Roschier’s advisory team comprised Pontus Enquist, Christoffer Benninge and Richard Katzman.