Axfood acquires the store chain City Gross, in which Axfood already possess joint control through its minority shareholding. The acquisition creates conditions to strengthen City Gross’ competitiveness and for growth in the hypermarket segment, which will challenge the market leaders and increase competition in this segment. The consideration amounts to SEK 2 billion.

Axfood was advised by KANTER in the transaction.

Genova has signed an agreement to divest the Journalisten 1 and Handelsmannen 1 properties in Norrtälje to a newly formed joint venture in which Genova is a half-owner together with Nrep. The sale is carried out at an underlying property value of SEK 1,286m.

Genova was advised by KANTER in the transaction.

B3 Consulting Group has entered into an agreement with the Norwegian company Webstep to acquire the shares in its Swedish subsidiary Webstep. Webstep is an IT consulting company with approximately 80 employees in areas such as system development, IT management, AI & Analytics and Sitevision. B3 Consulting Group is an expansive consulting company in IT and Management. The acquisition strengthens B3’s position, particularly in systems development, and increases its local presence in Sweden.

The transaction is expected to close in H2 2024, subject to regulatory approvals and other customary closing conditions.

B3 was advised on the transaction by KANTER.

Asahi Kasei Corporation has announced a recommended public offer to the shareholders of Calliditas Therapeutics AB for all the shares in the company, at a price of SEK 208 in cash per share, for a total offer of SEK 11,164 million. The board of directors of Calliditas Therapeutics recommends that the shareholders accept the offer.

KANTER has assisted BVF Partners, Linc AB (publ) and Stiftelsen Industrifonden with certain legal advice in connection with the offer.

Bergsala NDP has entered into an agreement with Thunderful Group to acquire the shares in Bergsala, AMO Toys and Thunderful 1, comprising Thunderful Group’s remaining distribution business, as well as the distribution service company Thunderful Solutions. The purchase price amounts to SEK 643 million on a cash and debt free basis.

Bergsala NDP was advised by KANTER in the transaction.

InDex Pharmaceuticals has entered into an agreement to carry out a so-called reverse merger with Flerie, whereby Flerie will become a wholly-owned subsidiary of InDex Pharmaceuticals and Flerie’s shareholders will initially hold approximately 92 per cent of the shares in InDex Pharmaceuticals. In connection with the transaction, the company will carry out an uplisting from Nasdaq First North Growth Market to Nasdaq Stockholm and raise approximately SEK 520 million in a directed share issue.

Flerie is an active and global long-term life science investor, focusing predominantly on biotech and pharmaceutical investments. Flerie is valued at approximately SEK 3,073 million in the transaction.

Flerie was advised by KANTER in the transaction.

SELATEK has significantly strengthened its expertise in security solutions by acquiring Newsafe, a prominent full-service provider of security systems. The acquisition is expected to strengthen SELATEK’s position in security solutions. SELATEK has also strengthened its position in automation by acquiring Deltatec, a renowned engineering company specialising in tailor-made solutions within process and automation technology. The current owners of Newsafe and Deltatec will continue in their operational roles and remain shareholders in SELATEK.

SELATEK was advised by KANTER in the transactions.