Brief: Inin Group Announces Updated Terms For Acquisition Of TW Gruppen

Inin AS

17/10/2023 21:06

Oct 17 (Reuters) - Inin Group As  ININ.OL :
    * : UPDATED TERMS FOR ACQUISITION OF TW GRUPPEN
    * : UPDATED TERMS FOR ACQUISITION OF TW GRUPPEN
    * ININ GROUP- NEW INITIAL CONSIDERATION FOR ACQUIRING 70
PERCENT
OF SHARES IN TW GRUPPEN WILL BE SETTLED THROUGH NOK 23 MILLION
IN ININ GROUP SHARES
    * : ININ GROUP'S BOARD OF DIRECTORS HAS TODAY APPROVED TO
INCREASE
SHARE-BASED CONSIDERATION
    * : CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE DURING
OCTOBER 2023
    * : REMAINING PAYMENT AND VALUATION TERMS OF TW GRUPPEN
ACQUISITION ARE UNCHANGED
    * OF NOK 23 MILLION SHARE-BASED CONSIDERATION, NOK 16
MILLION IS
VALUED AT NOK 2.80 PER SHARE

Source text for Eikon:  ID:nObi7pWjHa 
Further company coverage:  ININ.OL 

 ((Reuters.Briefs@thomsonreuters.com;))