Industrikraft i Sverige AB, an industrial consortium, has signed an agreement with Vattenfall AB to acquire 20 per cent of the shares in Videberg Kraft AB. Industrikraft consists of ABB, Alfa Laval, Boliden, Hitachi Energy, Höganäs AB, SSAB, Saab, Stora Enso and the Volvo group. The transaction is expected to close in January 2026.
Videberg Kraft AB, which will build and operate new nuclear reactors, has applied to the Government Offices of Sweden for state aid to support an investment in new nuclear power for the Videberg nuclear power project on the peninsula Värö in Varberg.
Gernandt & Danielsson has earlier advised during the establishment of the consortium Industrikraft I Sverige AB.
Gernandt & Danielsson advises Industrikraft in the transaction with a team lead by partner Mats Hugoson, senior associate Robin Skoglund Rovén and associate Samuel Gilljam, mainly assisted by partners Pär Johansson and Peter Forsberg, senior associate Martin Zeitlin and associate Ralph Bitar.