Hannes Snellman Counsel to Bewi ASA in Sale and Leaseback Transaction
14 November 2022
Hannes Snellman acted as counsel to Bewi ASA (“Bewi”) in its indirect sale of ten properties and one land plot located in Norway and Sweden. The agreed property value is approximately NOK 900 million. The buyer is KMC Properties ASA (“KMC”).
Bewi is a leading international provider of packaging, components, and insulations solutions. The transaction is structured as a sale and leaseback, through which long term lease agreements between the property-owning companies and Bewi’s operational companies were entered into in connection with the closing.
Furthermore, KMC has an exclusive right until 30 June 2023 to acquire the remaining part of Bewi’s portfolio valued up to NOK 1,1 billion.
Our core team comprised Mikael Stabo, Abiram Soma, and Andreas Wingren.