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RNS - AKVA group ASA: Termination of agreement to divest Wise lausnir ehf

Company: AKVA Group Date: 2019-06-18 Language: English Register to download

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 AKVA group ASA: Termination of agreement to divest Wise lausnir ehf

# AKVA group ASA: Termination of agreement to divest Wise lausnir ehf

AKVA group ASA ("AKVA") refers to its announcement on 6 September 2018 and 14  

January 2019, regarding the divestment of AKVA's wholly-owned subsidiary Wise  

lausnir ehf ("Wise") to Advania Holding hf. ("Advania") (the "Transaction").  

  

AKVA and Advania have today agreed to terminate the transaction agreement due to  

challenges in obtaining approval of the Transaction by the Icelandic Competition  

Authority on acceptable terms.  

  

AKVA is in the process of evaluating other strategic options for Wise.  

  

Dated: June 18th 2019  

AKVA group ASA  

  

Web: www.akvagroup.com  

  

CONTACTS:  

  

Hallvard Muri Chief Executive Officer  

  

Phone: +47 51 77 85 00  

  

Mobile: +47 91 58 07 50  

  

E-mail: hmuri@akvagroup.com  

  

  

Simon Nyquist Martinsen Chief Financial Officer  

  

Phone: +47 51 77 85 00  

  

Mobile: +47 91 63 00 42  

  

E-mail: snmartinsen@akvagroup.com  

  

  

This information is subject to the disclosure requirements pursuant to Section  

5-12 the Norwegian Securities Trading Act