7 November 2013

Gernandt & Danielsson advises Nordstjernan in connection with the sale of shares in Salcomp Oyj to the Sixth Swedish National Pension Fund

Nordstjernan has signed an agreement whereby the Sixth Swedish National Pension Fund (“AP6”) acquires, through a holding company, 45 percent of the shares in Salcomp Oyj (“Salcomp”). Nordstjernan remains the majority owner with 55 percent of the shares. Gernandt & Danielsson has advised Nordstjernan in the transaction.

Salcomp is a world leading manufacturer of chargers for mobile phones, tablets and other mobile devices. During the last twelve months, Salcomp had net sales of EUR 466 million. Salcomp has around 13,000 employees and production sites in China, India and Brazil. The parties have agreed not to disclose the details of the transaction. The transaction is subject to approval from relevant regulatory authorities.

Gernandt & Danielsson’s team has comprised partner Manfred Löfvenhaft and primarily of the associates Pär Johansson, Marcus Karner, Cecilia Stridsberg and Katja Kulesch. Counsel Rolf Larsson has advised in matters relating to competition law.