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Infranode – Acquisition of stake in a energy group in Sweden

Swedish infrastructure investor Infranode has bought a 22.5% stake in Skanska Energi, less than two weeks after withdrawing its offer to buy all of the regional electricity grid operator. Skanska Energi, which has no connection to Swedish construction giant Skanska, is listed on the Scandinavian alternative stock exchange Nasdaq First North and operates small scale hydro power plants as well as electricity grid assets in southern Sweden. Financial details of the transaction have not been disclosed.