Brief: HAV Group To Acquire Remaining Norwegian Greentech Shares

Hav ASA

23/05/2022 09:08

May 23 (Reuters) - Hav Group ASA  HAVH.OL :
    * HAV GROUP ASA TO ACQUIRE REMAINING NORWEGIAN GREENTECH
SHARES
    * ACQUISITION OF REMAINING 22.72 PERCENT OF SHARES OF
FAST-GROWING
SUBSIDIARY NORWEGIAN GREENTECH AS (NORWEGIAN GREENTECH),
BRINGING HAV GROUP'S TOTAL OWNERSHIP TO 100 PERCENT
    * TRANSACTION IS EXPECTED TO BE COMPLETED ON 31 MAY 2022
    * SHARE PURCHASE WILL BE SETTLED PARTLY THROUGH 805,673
TREASURY-HELD SHARES IN HAV GROUP ASA, VALUED AT NOK 18 PER
SHARE, AND PARTLY THROUGH A SINGLE DIGIT NOK MILLION CASH
CONSIDERATION
    * NORWEGIAN GREENTECH DELIVERED OPERATING INCOME OF NOK
167.5
MILLION IN 2021, A 123 PERCENT INCREASE FROM NOK 75.1 MILLION IN
2020
    * TRANSACTION IS EXPECTED TO BE COMPLETED ON 31 MAY 2022

Source text for Eikon:  ID:nObir7scZa 
Further company coverage:  HAVH.OL 

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