Gernandt & Danielsson has advised Temporär Förvaltning i Stockholm AB (former Nordic Growth Market NGM Holding AB) on the acquisition
Temporär Förvaltning i Stockholm AB (“TFS”), a listed Swedish public company, has acquired all shares and warrants in Petrosibir AB, a Swedish private oil company, through a non-cash issue. Petrosibir AB is a Swedish company engaged in exploration and production of oil and gas in Russia. The transaction was conducted by TFS offering the share- and warrant holders of Petrosibir AB new shares in TFS. The offer was accepted by all share- and warrant holders in Petrosibir AB, which led to a total of 139 246 835 new B-shares in TFS. The new shares were admitted to trade in mid-June 2009.
Gernandt & Danielsson acted as legal counsel for Temporär Förvaltning i Stockholm AB on the transaction. The Gernandt & Danielsson team was led by partner Mats Hugoson with assistance from attorneys Candra Torebring and Fredrik Mörner.