Setterwalls advises Arise in connection with recommended public takeover bid from Aneo

On 26 November 2025, Aneo Holding AS (“Aneo”), through Aneo BidCo 1 AB announced a cash-based public offer to the shareholders of Arise AB (publ) (“Arise”). Setterwalls is advising Arise in connection with the public takeover bid.

Aneo offers SEK 45 in cash for each share in Arise. The total value of the offer amounts to approximately SEK 1.8 billion. The independent bid committee of Arise has unanimously recommended the shareholders to accept the offer.

Arise is one of Sweden’s leading independent companies within the renewable energy sector. The company has been listed on Nasdaq Stockholm since 2010.