Robus Group AS — M&A Activity 2024

Dec 7, 2024

Admirals Group AS Announces a Sale of its Australian Subsidiary

Admirals Group AS has entered into an agreement to sell its wholly owned
subsidiary, Admirals AU PTY Ltd (Australia), a licensed investment company, to a
non-related party, as part of the Admirals group's ongoing optimization of its
geographic focus. The transaction, subject to customary closing conditions, is
expected to positively contribute to Admirals Group AS's net profit and
streamline its operations in alignment with its core strategy. This strategic
move underscores Admirals Group AS's commitment to delivering value by
concentrating resources in key regions where it sees the strongest potential for
growth and operational efficiency.

Additional information:

Alexander Tsikhilov
Chairman of the Management Board of Admirals Group AS
[email protected]
(https://www.globenewswire.com/Tracker?data=KDr2ZvM7GjwOpqP0EmsHw9XmhSvs1u-
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https://www.admirals.group/
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