Brief: Inin Group Subsidiary Acquires Railway Contractor

Inin AS

22/03/2024 09:12

March 22 (Reuters) - Inin Group AS  ININ.OL :
    * SUBSIDIARY ACQUIRES RAILWAY CONTRACTOR
    * ININ GROUP'S SUBSIDIARY NORDIC INFRASTRUCTURE GROUP AS HAS
TODAY
SIGNED SHARE PURCHASE AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES
IN RAILWAY CONTRACTOR BANEFJELL AS
    * CLOSING OF TRANSACTION IS EXPECTED BY END OF MARCH 2024.
    * BANEFJELL IS VALUED AT NOK 77 MILLION IN TRANSACTION.
    * ACQUISITION WILL BE SETTLED 45 PERCENT IN NORDIC
INFRASTRUCTURE
GROUP SHARES AND 55 PERCENT IN CASH IN THREE DIFFERENT TRANCHES

Source text for Eikon:  ID:nObi8ZLRna 
Further company coverage:  ININ.OL 

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