Brief: Arribatec Acquires Innit

Arribatec ASA

03/11/2020 11:12

Nov 3 (Reuters) - Arribatec Solutions ASA  ARRI.OL :
    * ARRIBATEC ACQUIRES INNIT AS
    * ARRIBATEC ACQUIRES INNIT AS
    * SUBSIDIARY OF ARRIBATEC SOLUTIONS ASA HAS ENTERED INTO A
SHARE
PURCHASE AGREEMENT RELATED TO ACQUISITION OF 100% OF SHARES IN
INNIT AS
    * TRANSACTION WILL BE SETTLED FOR A FIXED NET PURCHASE PRICE
OF
NOK 52,3 MILLION, PLUS 5,647,200 SHARES IN ARRIBATEC AT A
SUBSCRIPTION PRICE OF NOK 1.50 PER SHARE.
    * PURCHASE PRICE FOR 100 % OF SHARES IN INNIT WILL BE
SETTLED IN
CASH AND SHARES IN ARRIBATEC SOLUTIONS ASA
    * CLOSING IS EXPECTED TO TAKE PLACE ON OR ABOUT 30TH OF
NOVEMBER
2020
    * INNIT GROUP WILL DIVEST CERTAIN NON-CORE ASSETS TO ITS
MAJORITY
SHAREHOLDER PRIOR TO CLOSING.

Source text for Eikon:  ID:nObiYCWwJa 
Further company coverage:  ARRI.OL 

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