Acquisition of H2 Logic A/S (DK) by NEL ASA (NO) — NOK 300 million

Carnegie acted as sole financial adviser to NEL ASA in the acquisition of H2 Logic A/S, including the fully underwritten financing of the transaction consisting of a NOK 69 million directed new share issue and a NOK 30 million subsequent offering. H2 Logic is the world’s largest independent manufacturer of hydrogen refuelling stations for fuel-cell electric vehicles. June 2015.