Wiersholm advised Hafslund Telekom in their sale of Hafslund Fibernett to EQT Partners

Hafslund Telekom, a company owned by Hafslund Venture (a subsidiary of Hafslund ASA), has entered into an agreement with EQT Partners concerning the sale of Hafslund Fibernett. Hafslund Venture has sold Hafslund Fibernett AS to the PE fund EQT V. The buyer will take over the company with customers, personnel and equipment. Wiersholm advised Hafslund (the Seller).

The buyer pays Hafslund NOK 1,477 million for 100 % of the shares in Hafslund Fibernett AS. The transaction will give a profit of approximately NOK 900 million. The transaction is only subject to approval from the Norwegian Competition Authority and will be implemented upon approval. Hafslund will receive NOK 1,167 million of the purchase price in cash and will grant a loan of NOK 310 million with maturity up to 7 years.

The Hafslund Group's recent development has gone towards development of renewable energy as well as infrastructure for energy, while the group grows in power sales. The sale of the fiber network activity is a natural step to cultivate this strategy.

- We are proud of the development Hafslund Fibernett has had and the company can boast a very strong market position. We are pleased to bring this company forward into a new growth phase with new owners, says SVP for Hafslund Venture, Tore Schiøtz.

Hafslund has been advised by Pareto Securities and Wiersholm.

About Hafslund Venture

Hafslund Venture is an active owner of growth companies within enewable energy, energy-related technology and concepts related to Hafslund’s value chain.

About Hafslund Fibernett

Hafslund Fibernett AS has since 2004 been developing and renting out fibre networks in the Eastern Norway. The company currently operates Norway’s largest operator-neutral fibre network and is one of Europe’s leading fibre net companies.  

The customers include telephone companies and service providers within the it and telecom business, in addition to local governments and public administration bodies.

About Hafslund

Hafslund ASA is a Norwegian company listed on the Oslo Stock Exchange and is one of the largest listed utility companies in the Nordic area. Hafslund is Norway’s largest network company, a leading power provider and a major producer of renewable energy. Hafslund is also a major provider of telecom and it services and is one of the primary owners of the solar energy company REC.

For more information, please visit the company’s website.


About EQT Partners

EQT is a group of leading private equity funds with investments in Northern and Eastern Europe, Asia and the US. Activities focus on buyouts, growth financing and infrastructure. In our view, the funds have a unique industrial approach. EQT has raised approximately EUR 13 billion since its establishment and invested some EUR 8.5 billion in more than 75 companies.

For more information, please visit the company's website.

Wiersholm’s team was headed by Nils H. Thommessen, Harald Hellebust and Jon Petter Haaland. Additional Wiersholm team members included Leif Moltke-Hansen, Odd-Harald Wasenden, Johan Svedberg, Harald Blauw and Christian M. Bang.

To visit the press release from EQT please click here.

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