Ahlsell’s Acquisition of 75% of Shares in Sanistål A/S

Kromann Reumert has advised Danske Bank A/S, Nordea Bank Abp, Jyske Bank A/S and Nykredit Bank A/S on the deal. Plesner has advised Sanistål A/S.

Ahlsell Danmark ApS has agreed to acquire, subject to certain conditions, the shares in Sanistål A/S held for proprietary purposes by Danske Bank A/S, Jyske Bank A/S, Nordea Bank Abp and Nykredit Bank A/S.

The Major Shareholders’ shares account for a total of 9,000,909 shares in Sanistål A/S or approximately 75.49% of the outstanding share capital in Sanistål A/S. The Major Shareholders will sell their shares in Sanistål A/S at a price of DKK 58.00 per share.

The offer for the Minority Shareholders’ shares in Sanistål A/S corresponds to a total purchase price of approximately DKK 248.5 million, assuming all shares held by the Minority Shareholders are tendered. Together with the total amount expected to be paid by Ahlsell Danmark ApS for the Major Shareholders’ shares (DKK 522 million), Ahlsell Danmark ApS intends to acquire all shares in Sanistål A/S for a total purchase price of approximately DKK 770.5 million, assuming all shares are acquired.

Ahlsell is present where people reside, work and live their lives. Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installation, construction, real estate management, industrial and power companies and the public sector. 

Sanistal A/S is a wholesaler of installation products, steel and metal tools, machines, and technical products.

The Kromann Reumert’s core team consisted of Jeppe Buskov (Picture), Jens Munk Plum, Agnes Navntoft, Carina Dall and Christian Rode Røygaard.

Plesner’s team consisted of Christian Th. Kjølbye, Nicolai Ørsted, Janus Jepsen and Kasper Hinnerup Petersen. 

Involved fees earner: Jeppe Buskov – Kromann Reumert; Carina Czerwinski Dall – Kromann Reumert; Jens Munk Plum – Kromann Reumert; Agnes Navntoft – Kromann Reumert; Christian Rode Røygaard – Kromann Reumert; Janus Jepsen – Plesner; Christian Kjolbye – Plesner; Kasper Hinnerup Petersen – Plesner; Nicolai Ørsted – Plesner;

Law Firms: Kromann Reumert; Plesner;

Clients: Danske Bank; Jyske Bank; Nordea Bank AB; Nykredit Bank A/S; Sanistål A/S;

Federica Tiefenthaler

Author: Federica Tiefenthaler