Cirio Advises Aneo on Recommended Public Takeover Bid for Arise

"Cirio advised Aneo Holding AS and Aneo BidCo 1 AB on a recommended public takeover bid for Arise. On 26 November 2025 Aneo BidCo offered SEK 45 per share in cash for all outstanding Arise shares (≈SEK 1.8 billion). Arise's independent bid committee unanimously recommended acceptance. Arise is listed on Nasdaq Stockholm; Aneo is a renewable group formed by TrønderEnergi and HitecVision."

Law firm Cirio advised Aneo Holding AS and its acquisition vehicle Aneo BidCo 1 AB in connection with the recommended public takeover bid for Arise. On 26 November 2025 Aneo Holding AS, through Aneo BidCo 1 AB, announced a public offer to acquire all outstanding shares in Arise at a price of SEK 45 in cash per share. The offer values Arise at approximately SEK 1.8 billion. The independent bid committee of Arise has unanimously recommended that shareholders accept the offer. Arise is a leading Swedish renewable energy company listed on Nasdaq Stockholm, Mid Cap. Aneo is a renewable energy group created through a collaboration between TrønderEnergi and HitecVision. Cirio represented Aneo Holding AS and Aneo BidCo 1 AB with a team composed by: Annika Andersson, Head of Equity Capital Markets and Public M&A, Jörgen Möller, Head of Energy, and Fredrik Morfeldt, Head of Infrastructure.

Cirio Advises Aneo on Recommended Public Takeover Bid for Arise

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