Modity expands with two new shareholders

Modity, one of Sweden’s leading energy trading companies, is now equally owned by the municipal energy companies Jönköping Energi, Kraftringen, Umeå Energi, and Öresundskraft. Foyen acted as legal advisor in the transaction.

Modity Energy Trading AB is one of Sweden’s leading energy trading companies. With extensive expertise in the physical and financial management of energy assets, Modity provides services to energy companies, producers and industry stakeholders within the renewable energy sector. Modity is focused on promoting a sustainable energy market, offering services from balance responsibility to price hedging, that can provide long-term, stable returns on energy investments.

The owners of Modity Energy Trading AB (Modity), Kraftringen and Öresundskraft, welcome Jönköping Energi and Umeå Energi as new shareholders. Modity is now equally owned by the municipal energy companies Jönköping Energi, Kraftringen, Umeå Energi, and Öresundskraft.

Foyen acted as legal advisor in the transaction, represented by partners Andreas Lindström and Jonas Conradsson, alongside Specialist Counsel Johan Bogren, Senior Associate Andriano Södergren and Associate Ingeborg Forkman.