August 25, 2011 - Assignment

Proventus and Foundation Asset Management joined by Folksam in ownership of wind power group PWP

Proventus, Foundation Asset Management and Folksam (Folksam Liv, Folksam Sak and KPA Pensionsförsäkring) become equal owners in PWP AB, one of Sweden’s largest on-shore wind power producers, following Proventus’ sale of shares to new owner Folksam and current owner Foundation Asset Management.

PWP, which is now an equal partnership between Proventus, Foundation Asset Management and Folksam, owns six wind farms producing more than 250 GWh electricity annually.

Proventus and Foundation Asset Management were advised by Mannheimer Swartling in the reorganization of their ownership in PWP. The firm’s team was led by Isabella Ramsay, primarily assisted by Marcus Glimberg, and also included Stefan Perván Lindeborg.