Swissgrid ag agreed to acquire transmission grid from BKW Inc. (SWX:BKW) and other shareholders on December 7, 2012. Under the terms of purchase consideration, 30% of the compensation will be paid in the form of Swissgrid shares, and 70% as a loan. Half of the loan is structured as a mandatory convertible bond with a term to maturity of 10 years. The other half is an ordinary loan which is expected to be repaid already in 2013. The transaction is expected to close on January 3, 2013.

Swissgrid ag completed the acquisition of transmission grid from BKW Inc. (SWX:BKW) and other shareholders on January 3, 2013.