Hannes Snellman Counsel to Girindus Investments in Its Sale of Shares in Re:NewCell
10 December 2021
Hannes Snellman acted as counsel to Girindus Investments AB in its sale of 6.25 per cent of the shares and votes in Re:NewCell AB (publ), a sustaintech company listed on Nasdaq First North Premier Growth Market. The shares were acquired by a group of investors consisting of the global fashion group H&M Group and Swedish and international institutional investors, including Swedbank Robur Fonder, Handelsbanken Fonder, and AMF Fonder. The share sale comprised in aggregate 1,926,048 shares, corresponding to approximately 6.25 per cent of the shares and votes in Re:NewCell AB (publ), at a price of SEK 226 per share, corresponding to a total transaction value of approximately SEK 435 million. Following the transaction, Girindus Investments AB remains as the owner of approximately 12.77 per cent of the shares and votes in Re:NewCell AB (publ) through its subsidiary Girincubator AB. BNP Paribas SA, Bankfilial Sverige acted as financial advisor to Girindus Investments AB in the transaction.
Hannes Snellman’s advisory team comprised Mattias Friberg, Marcus Lehtinen, and Anton Eriksson.