27 Nov 2025

Setterwalls advises Arise on recommended public takeover bid from Aneo

"Setterwalls advised Arise AB (publ) in connection with Aneo Holding AS’s recommended cash takeover bid announced 26 November 2025. Aneo, via Aneo BidCo 1 AB, offered SEK 45 per Arise share (approx. SEK 1.8 billion); Arise’s independent bid committee unanimously recommended acceptance."

Setterwalls represented Arise AB (publ) in connection with the recommended public takeover bid announced by Aneo Holding AS through Aneo BidCo 1 AB. On 26 November 2025, Aneo Holding AS, through Aneo BidCo 1 AB, announced a cash-based public offer to the shareholders of Arise AB (publ). Aneo offered SEK 45 in cash for each Arise share, valuing the total offer at approximately SEK 1.8 billion. The independent bid committee of Arise unanimously recommended that shareholders accept the offer. Arise is one of Sweden’s leading independent companies within the renewable energy sector and has been listed on Nasdaq Stockholm since 2010. Setterwalls represented Arise AB (publ) with a team composed by: Jonas Frii, Joakim Winnerljung, Jesper Olsson, Vincent Gedeon and Jonathan Lindström. Practice areas: Equity Capital Markets; Corporate Law; Mergers and Acquisitions; Energy and Commodities.
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