Brief: Archer Acquires 50% In Renewable Energy Service Co

Archer

08/08/2022 06:34

Aug 8 (Reuters) - Archer Ltd  ARCHA.OL :
    * INVESTING IN RENEWABLE ENERGY
    * HAS SIGNED AN AGREEMENT TO ACQUIRE 50% OF SHARES IN
RENEWABLE
ENERGY SERVICE COMPANY ICELAND DRILLING COMPANY LTD. FOR A TOTAL
CONSIDERATION OF USD 8.25 MILLION
    * KALDBAKUR EHF. WILL REMAIN A LARGE SHAREHOLDER AND WILL
OWN
OTHER 50%
    * CLOSING OF TRANSACTION IS EXPECTED TO BE FINALIZED DURING
Q3
2022

Source text for Eikon:  ID:nWkr32Tcw7 
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