Morris Law acted as legal advisor in the divestment of Wackes to IDÉ Group AS
Morris Law has acted as legal advisor to the owner of Wackes AB and Wackes AS in connection with its divestment of the shares in Wackes AB and Wackes AS to IDÈ Group AS.
Published
13/11/2025
Morris Law has acted as legal advisor to Åhléns Group in connection with the company’s successful issuance of senior secured bonds in the amount of SEK 500 million, under a framework of up to SEK 1 billion. The bonds have a tenure of three and a half years and carry interest at STIBOR 3 months plus 5 percent per annum.
The proceeds from the bond issue will be used to partially refinance existing debt, cover transaction costs, and for general corporate purposes.
“The strong interest in our bond issue demonstrates the market’s confidence in Åhléns. Åhléns, which is otherwise debt-free and profitable, stands strong following a successful turnaround in a challenging market. Through this bond, we can repay our entire tax deferment and further strengthen our financial stability to continue delivering growth and increased profitability going forward,” says Ayad Al-Saffar, CEO of Åhléns.
The bond issue strengthens Åhléns’ financial position and enables continued growth and profitability.
The Morris Law team primarily consisted of Carl Friberg, Hedda Sahlin Ekberg and Karl Bondesson.
Morris Law has acted as legal advisor to the owner of Wackes AB and Wackes AS in connection with its divestment of the shares in Wackes AB and Wackes AS to IDÈ Group AS.
Morris Law acted as legal advisor to the sellers of the Swedish software company Programekonomi in connection with its sale to Norwegian-based Aritma.
Morris Law acted as legal advisor to Varberg Energimarknad AB in connection with the sale of the hydropower assets Maredsfors, Oskarström Övre and Oskarström Nedre to Locus Hydro AB.