Gernandt & Danielsson advises Industrikraft when the Swedish state, Vattenfall and Industrikraft enter into an agreement on new nuclear power in Sweden

The Swedish state has entered into an agreement to acquire 60 per cent of the shares in Videberg Kraft AB, a joint venture with the industrial consortium Industrikraft i Sverige AB and Vattenfall AB as the other shareholders.

Videberg Kraft AB intends to build and operate new nuclear reactors on the Värö peninsula in Varberg municipality. The Swedish state, Industrikraft and Vattenfall AB have agreed on the principal terms for risk-sharing and financing of this nuclear project, including state aid which the Swedish Government will notify to the EU Commission for a state aid assessment.

Gernandt & Danielsson’s client Industrikraft consists of ABB, Alfa Laval, Boliden, Hitachi Energy, Höganäs AB, SSAB, Saab, Stora Enso and the Volvo group.

Gernandt & Danielsson advises Industrikraft with a team led by partner Mats Hugoson, assisted by partners Björn Svensson and Pär Johansson, senior associates Robin Skoglund Rovén and Amanda Alexandersson and associate Samuel Gilljam.