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2021-04-01

Alecta acquires 20% in Stena Renewable and together with Stena Adactum, AMF and KLP they will continue the development of the company as a major green energy company

Stena Renewable is an energy company who during the past 15 years have established a strong position within wind power projects in southern Sweden. Today the company has one of the largest operational wind power portfolios in Sweden including a total of 315MW with another 600 MW under project which are complete or under construction. The company is expected to have 900 MW in operation by 2024 as well as having a continued fast annual growth. Since the start the company has invested 5 bn SEK and during the next three years another 5 bn SEK is expected to be invested in the completion of a number of windfarms in southern Sweden. The focus on southern Sweden means a substantial contribution with renewable energy in those areas where the energy challenges are the greatest during coming years as well as in the areas with the highest electricity prices.

Having Alecta as a partner will bring an additional financial and reputable owner who will ensure the company’s future growth and add to the energy transformation which is now happening at great speed. After the acquisition the company will be owned 30% by AMF and KLP respectively and 20% by Stena Adactum and Alecta respectively. AMF and KLP came in as owners during 2018.

“By Alecta coming into the company we now have three of the Nordics leading institutional investors as partners who share our long-term view to build a large green energy company with focus on sustainability. This will ensure the company’s continued fast expansion during a phase which is even more capital consuming”, says Johan Wester, Senior Vice President Stena Adactum and Chairman of the Board Stena Renewable.

“Stena Renewable is a unique possibility for us to gain a strong position in a fast growing market, through a well positioned company by the side of like-minded partners. Next to indirect international investments these selective direct businesses like this one at home ground is completely in line with our strategy for infrastructure expected to grow as part of the portfolio”, says Johanna Strömsten, Portfolio Manager Alecta.

“After enduring project developments since 2006 we have during the past few years been in a fast growth phase where we are building a large scale, green and independent energy company with focus only focus on renewable electricity production. Alecta complements the current owners and add to ensure our continued growth journey”, says Peter Zachrisson, CEO Stena Renewable.

Newsec Infra have acted as financial adviser and Mannheimer Swartling as legal adviser for Stena Adactum and AMF in the transaction.

2020-12-14

Delisting of the Gunnebo AB share

Altor and Stena Adactum, through GB HoldCo AB, after completion of its cash public takeover bid to the shareholders in Gunnebo AB holds around 96 percent of the total number of shares and votes in Gunnebo per 3rd December 2020 when the share was delisted from the Stockholm stock exchange.

2020-12-10

Aquisition of shares in Svedbergs

Stena Adactum AB has acquired 650 000 shares in Svedbergs i Dalstorp AB equivalent of 3,1% of the total number of shares and thereby Stena Adactum Group’s total holding now amounts to approximately 29%.
The transaction was completed on 8th December 2020.

2020-09-28

Altor and Stena Adactum announce a recommended offer to the shareholders of Gunnebo

This announcement is not an offer, whether directly or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand or South Africa or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law. Shareholders not resident in Sweden who wish to accept the Offer (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled "Important information" at the end of this announcement and in the offer document which will be published shortly before the beginning of the acceptance period for the Offer. Shareholders in the United States should also refer to the section titled "Special notice to shareholders in the United States" at the end of this announcement.

Altor and Stena Adactum, through GB HoldCo announced a recommended public offer to the shareholders of Gunnebo. The shares in Gunnebo are listed on Nasdaq Stockholm, Mid Cap.


For more information about the offer, please visit https://www.enduring-value.com/en/disclaimer/

2019-08-16

Holding in Beijer Electronics Group acquired

In April 2019 Stena Adactum AB acquired the holding in Beijer Electronics Group from Stena Sessan AB for a total amount of 450 MSEK.