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AKVA Group — M&A Activity 2019
Jun 18, 2019
3532_iss_2019-06-18_38b41a81-29e9-495b-bfef-ddb2d39ef814.html
M&A Activity
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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: [email protected]
Simon Nyquist Martinsen Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 91 63 00 42
E-mail: [email protected]
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act