Infracapital divests Falbygdens Energi
Infracapital, the Infrastructure equity investment arm of M&G Plc, has agreed the sale of its 100% stake in Falbygdens Energi AB ("FEAB") to Nordion Energi AB. FEAB is an integrated, high-quality provider of core infrastructure including electricity distribution, district heating and fibre in Falköping, Sweden.
Infracapital is part of M&G Plc, a leading European savings and investments business. M&G manages the long-term savings of more than 5 million people and is a major investor in the UK and in the global economy. Total assets under management are £339 billion (as at 30 June 2020).
FEAB supplies electricity, heat and fibre broadband to customers in the municipality of Falköping. FEAB's district heating network is supplied by 100% renewable energy and was marked 'Good Environmental Choice' by the Swedish Society for Nature Conservation. The company operates an electricity network of over 2,200 km with over 17,000 customers.
Infracapital was advised by Mannheimer Swartling in the transaction.