Vattenfall signs agreement to sell majority stake in Videberg Kraft to the Swedish state

Vattenfall has signed an agreement with the Swedish state regarding the sale of 60 per cent of the shares in Videberg Kraft AB to the state. Vattenfall will retain a 20 per cent stake, and Industrikraft will retain 20 per cent. The agreement provides for a stable, long-term ownership to facilitate new nuclear power in Sweden.

The new ownership structure is expected to come into effect in 2027. The Swedish State, Vattenfall and Industrikraft have also agreed on the main terms for risk-sharing and financing of Videberg Kraft. The next step is for the government to notify the European Commission of the project for a state aid assessment.

Vattenfall was advised by Mannheimer Swartling in the transaction and regarding the terms for risk-sharing and financing. The firm’s team mainly consisted of Mattias Karlsson, Mathilda Haglund, Andreas Zettergren, Niklas Sjöblom, Fredrik Sjövall, Linn Roberts, Victoria Hedell, Filip Lassing, Ida Adriansson, Oscar Aspelund, Anna Nord, Isac Nyman, Kevin Skoglund and Sejla Ahmetovic.