Latest Bellman Group News
Feb 8, 2021
Gernandt & Danielsson advised Bellman Group AB on the deal. The Bellman Group AB announced its issue of secured corporate bonds in a total amount of SEK 900 million, issued within a total framework amount of SEK 1.5 billion. The proceeds from the bond issue will be applied towards redemption of Bellman Group’s outstanding bonds and general corporate purposes including acquisitions. Bellman Group intends to apply for admission of trading of the bonds at the corporate bond list of Nasdaq Stockholm. Bellman Group is a civil engineering group that operates in rock blasting, excavation, haulage, and mass handling in Sweden, primarily in the Stockholm and Gothenburg regions. The Group consists of Bellmans, which is a company active in machinery brokerage and haulage, Uppländska, which performs rockblasting operations, VSM, which carries out excavation work with large machinery, Samgräv, which is active in haulage, machine brokerage, mass handling and operation of own landfills, SÅCAB which is active in haulage and also owns a landfill south of Stockholm and Ivarssons Entreprenad, an excavation and civil engineering company mainly operating in the Gothenburg region. The Gernandt & Danielsson team consisted of Mikael Borg (Picture), Sofie Viktorsson, Mikael Bolling, Maria Klaesson, Camilla Hedner and Jonathan Antonsson.