Hannes Snellman Counsel to Mekonomen AB on its Rights Issue and Debt Financing
23 October 2018
Mekonomen AB, listed on Nasdaq Stockholm, has carried out a SEK 1.62 billion issue of new shares with pre-emptive rights for existing shareholders, following Mekonomen’s acquisition of FTZ in Denmark and Inter-Team in Poland for approximately SEK 4 billion as announced in July 2018. Hannes Snellman, who was also lead M&A counsel, has acted lead counsel to Mekonomen on the share issue as well as the related debt financing. The share issue was underwritten by Nordea Bank AB and Skandinaviska Enskilda Banken AB who also provided bridge loan financing and term loan financing.