Lindahl has represented Elon Group Holding AB in connection with the merge of Electra Gruppen AB (publ), listed on Nasdaq Stockholm, and Elon Group AB (Elon Group Holding’s subsidiary). The merger will be completed through an exchange of shares, whereby Elon Group Holding exchanges all shares in Elon for 9,659,223 newly issued shares in Electra through an issue in kind. Following the transaction, Elon Group Holding will be the largest shareholder in the combined group and own 65 percent of the shares and votes. The transaction is, inter alia, subject to approval by the relevant authorities and implies a so-called substantial change of operations according to Nasdaq Stockholm’s rulebook. The completion of transaction is expected during the first half of 2022.
The merger creates the leading voluntary specialist retail chain in the Nordic region for home products with a focus on kitchens, appliances, consumer electronics, lighting and interior design, offered to consumers and businesses. It is proposed that the combined company changes its company name to Elon AB (publ).
Lindahl's team consisted of Robert Asplund, Mårten Steen, Erika Svensson, Amanda Sjöberg, Ida Karlsson, Hugo Norlén and Disa Almqvist.
