Baker & McKenzie LLP
06/26/2026 | Press release | Distributed by Public on 06/26/2026 01:30
Baker McKenzie Advises the Swedish State on Strategic Nuclear Power Investment in Videberg Kraft
Baker McKenzie has advised the Swedish State in connection with its agreement to acquire a majority shareholding in Videberg Kraft AB from Vattenfall. Under the agreed ownership structure, the State will hold 60 per cent of the shares, while Vattenfall and Industrikraft will each remain as 20 per cent shareholders.
The investment is intended to support Videberg Kraft's long-term role in the development of new nuclear power in Sweden by establishing a durable ownership and financing framework for the project.
As part of the transaction, the parties have also agreed on key principles of the future support package, risk allocation scheme, and financing of Videberg Kraft. The project is expected to be notified to the European Commission for state aid review as the next step in the process.
The Baker McKenzie team principally consisted of William-James Kettlewell, Annika López Kasteskog, Mattias Hedwall, Carl Svernlöv, Melinda Roos, Magdalena Jener, Mats Rooth, Gustaf Erlandsson, Christopher Jones, Bram Hoorelbeke, James Wyatt and Alicia Hatvany.
The investment is intended to support Videberg Kraft's long-term role in the development of new nuclear power in Sweden by establishing a durable ownership and financing framework for the project.
As part of the transaction, the parties have also agreed on key principles of the future support package, risk allocation scheme, and financing of Videberg Kraft. The project is expected to be notified to the European Commission for state aid review as the next step in the process.
The Baker McKenzie team principally consisted of William-James Kettlewell, Annika López Kasteskog, Mattias Hedwall, Carl Svernlöv, Melinda Roos, Magdalena Jener, Mats Rooth, Gustaf Erlandsson, Christopher Jones, Bram Hoorelbeke, James Wyatt and Alicia Hatvany.
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