Wigge & Partners has advised the European Investment Bank (EIB) in connection with the bank´s entering into a loan facility agreement and a warrant agreement with Reocean AB (publ). The loan facility grants Reocean access to a loan divided into three tranches and the loan shall be used for building of the first in-land fish farm in Sweden. The fish farm in Säffle, Värmland, will produce 10,000 tone salmon per year, which corresponds to 1/5 of the salmon consumed in Sweden. The warrant agreement entitles EIB to receive warrants in Reocean in connection with disbursement of the loan facility.
The team has consisted of Lisa Antman (Partner), Andreas Malmberg (Partner) and Klara Larsson (Associate).
For further information: https://www.eib.org/en/press/all/2022-565-sweden-eib-backs-groundbreaking-in-land-salmon-farm-providing-sek-530-million-for-greener-sustainable-food-production?lang=sv
