29 April 2020

Gernandt & Danielsson advises Goldman Sachs and DNB Markets in connection with a rights issue in Scandic Hotels Group

Scandic Hotels Group AB (publ) announced on 29 April 2020, that its board of directors has resolved on a rights issue of approximately SEK 1.75 billion subject to approval by an extraordinary general meeting. Goldman Sachs International and DNB Markets, a part of DNB Bank ASA, Sweden branch, are acting as joint global coordinators and joint bookrunners in connection with the rights issue and have confirmed their commitment, subject to customary conditions, to enter into an underwriting agreement under which they would underwrite a number of shares in equal proportion up to a maximum amount corresponding to the amount of the rights issue which is not covered by subscription undertakings of Stena Sessan, AMF and Formica Capital.

Gernandt & Danielsson advises Goldman Sachs and DNB Markets with a team consisting of partner Fredrik Palm, senior associates Oscar Anderson and Daniel Sveen as well as associate Jonathan Antonsson.