Vattenfall has decided to buy Swedfund’s share of their jointly owned company Vattenfall Biomass Liberia AB, in which Swedfund is a minority shareholder. Vattenfall Biomass Liberia AB is a shareholder of Buchanan Renewables Fuel, Liberia. This means that Swedfund will exit its committment in Liberia.
One of the largest Turkish dairy companies Sütaş has, through a wholly owned Macedonian subsidiary, concluded an agreement with NLB Tutunska Banka AD Skopje to purchase the mortgaged property and equipment of Swedmilk. The new owner plans to restart Swedmilk’s production of milk within six months and in addition thereto intends to start cheese production at the dairy.
Swedfunds investee company, Addax Bioenergy, has been awarded ’African Renewables Deal of the Year 2011’ by Project Finance Magazine. The awards, which started 13 years ago, are for innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in the financing of infrastructure projects, large or small.
Anders Craft has been appointed Acting Managing Director at Swedfund International AB. Anders joined Swedfund in 2004 from 3i Nordic plc and for the past two years has been director of Swedfund’s investment operations and investment portfolio. Anders brings to the role both a strong institutional knowledge of Swedfund as well as long experience in international investment.
