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MAGNUSSON HAS ADVISED ON THE STRUCTURE OF THE PIONEERING WHISKEY FUND "THE SINGLE MALT FUND" BEING DEVELOPED

2018-01-19

Magnusson, through responsible partner Eric Cederström, has assisted Cellar Capital Invest and the Swedish entrepreneur and whiskey connoisseur Christian Svantesson on the structure and conditions of listed instruments for the world's first listed whiskey fund The Single Malt Fund.

The fund has applied for registration on the Nordic Growth Market in Stockholm. Furthermore, the prospectus offers investors the possibility to enter with capital approved by Finansinspektionen. The goal is to bring in 25 million euros and the return should be from the purchase and sale of exclusive whiskey. In fact, expensive collector whiskey has historically proven to be a safe investment with a high value increase.

“It has been incredibly exciting and fun to be able to assist in such a project,” says Eric Cederström. “My role has of course meant legal issues, but of course we also thought it was interesting to be part of something new. Magnusson is also an agency with entrepreneurial spirit so it has been a great assignment for us. I look forward to following the fund's development.”

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