Törngren Magnell advises banks and other lenders in connection with the financing of the acquisition of Fortum Distribution

Törngren Magnell has advised the syndicate banks and other lenders in connection with the financing of an acquisition by a consortium made up of Borealis Infrastructure Management Inc., the Swedish national pension funds Första AP-Fonden and Tredje AP-Fonden and the Swedish mutual insurance and pension savings company Folksam of all shares in Fortum Distribution AB, which owns and operates Fortum’s electricity distribution business in Sweden, for a total consideration of approximately EUR 6.6 billion.

The Törngren Magnell team was led by finance partner Tobhias Brandell and also included Sara Göthlin, Kajsa Morawetz, Elin Lindberg and Jon Pettersson (financing), Martin Rosell and Sophie Nossman (M&A and regulatory).

Completion is expected in Q2 2015.

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