NORDIC - EQT Infrastructure acquires Swedegas

Swedegas owns the largest high-pressure gas transmission network, with a total length of 390km in Sweden. In the southern and western parts of Sweden, where most of the network is located, around 20% of the energy supply comes from gas, compared with 2% of Sweden's total supply. It generated revenues of SEK 218m 2008.

The network from Dragør is the only interconnection of Sweden with Denmark and the extended European gas transmission network. For this reason, EQT believes the company can become a player in the development of Swedish biogas production.

Swedegas is regulated by the Swedish Energy Markets Inspectorate and holds government concessions for its network.

The Swedegas acquisition is EQT's first infrastructure investment in Sweden, and the third investment from the specialist fund. The deal had debt to equity ratio of 50/50, with Nordea and Enskilda providing the debt package. Nordea Corporate Finance provided financial advice, and Vinge was the legal advisor.

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• Buyouts
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