Brief: Eqva Signs Business Combination Agreement with Kvinnherad Elektro

Eqva ASA

28/06/2023 07:21

Jun 28 (Reuters) - Eqva and Kvinnherad Elektro sign letter of intent for a
business combination agreement.
* Agreement includes Kvinnherad Elektro's 51 percent ownership in Vassnes
Solutions AS
* Eqva will acquire all shares of Kvinnherad Elektro AS in exchange for shares
in Eqva's wholly owned subsidiary, BKS Holding AS, along with a cash component
* Subsidiary of EQVA will be listed on the Oslo stock exchange in the next
12-24 months
* Anticipated completion of the business combination agreement is set for Q3
2023, with the transaction becoming effective from Q4 2023