Rights issue in Kaunis Iron AB (SE) — SEK 368 million

Carnegie acted as financial advisor in the rights issue of SEK 368 million in Kaunis. Kaunis Iron AB is a Swedish mining company which in 2017 took over Northland Resources’ former mine in Tapuli, near Kaunisvaara in Pajala municipality. The Company produces about 2.2 million tonnes of iron ore per year, employs about 550 people and has annual sales of about SEK 3 billion.