The Competition Authorities approve the merger of Sweco and Grontmij
As previously announced, Sweco AB (publ) (“Sweco”) and Grontmij N.V. (“Grontmij”) have entered into an agreement regarding a combination of their businesses, and on 13 July 2015 Sweco announced a public offer for all issued and outstanding shares in the capital of Grontmij, which was unanimously recommended by the Executive Board and the Supervisory Board of Grontmij. The public offer is as previously announced conditional upon, inter alia, approval by the shareholders of Sweco and Grontmij at extraordinary general meetings and approval by the relevant competition authorities.
The Swedish Competition Authority (Sw: Konkurrensverket) did on 10 July 2015 approve the combination, and the corresponding authority in Poland, Urząd Ochrony Konkurencji i Konsumentów (UOKiK), gave its approval on 21 July 2015. The condition regarding approval by relevant competition authorities is thus satisfied. An extraordinary general meeting will be held in Sweco on 24 August 2015, and in Grontmij on 28 August 2015, in order for the shareholders of Sweco and Grontmij to approve of the combination by passing resolutions necessary in relation thereto.
Contact details
Åsa Barsness, Communications Director, M: +46 (0)703823686, E: asa.barsness@sweco.se
About Sweco
Sweco is the Nordic region’s leading provider of services for sustainable engineering and design. Our 9,000 engineers, architects and environmental experts develop value-creating solutions for our clients and for society. Sweco is among the ten largest consulting engineering companies in Europe, carrying out assignments in 80 countries annually throughout the world. The company has annual sales of approximately SEK 9 billion and is listed on Nasdaq Stockholm. Sweco is required to disclose the above information under the provisions of the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 21 July 2015, 14:00 CET.
For further information, visit www.swecogroup.com.