Brief: Inin Group AS Sale Of Tw Gruppen As To Tom Wilhelmsen Holding AS

Inin AS

05/01/2024 17:55

Jan 5 (Reuters) - Inin Group AS  ININ.OL :
    * SALE OF TW GRUPPEN AS TO TOM WILHELMSEN HOLDING AS
    * CO, TOM WILHELMSEN HOLDING  AGREED TO REVERSE CO'S
ACQUISITION
OF 70% OF SHARES IN TW GRUPPEN AS
    * INITIAL SETTLEMENT FOR ACQUISITION OF 70 PERCENT OF TW
GRUPPEN
CONSISTED OF NOK 23 MILLION IN ININ GROUP SHARES AND NOK 5
MILLION IN CASH
    * ALL OF ININ GROUP'S DIRECT OR INDIRECT LIABILITIES AND
FINANCING
OBLIGATIONS RELATED TO TW GRUPPEN WILL BE TAKEN OVER BY TOM
WILHELMSEN HOLDING
    * FOLLOWING COMPLETION OF THIS TRANSACTION, ININ GROUP AS
WILL
HOLD 8.6 MILLION ININ GROUP SHARES

Source text for Eikon:  ID:nObi67nBla 
Further company coverage:  ININ.OL 

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