Brief: Inin Group Transforms To Investment Company

Inin AS

08/03/2023 06:08

March 8 (Reuters) - Inin Group AS  ININ.OL :
    * TRANSFORMS TO INVESTMENT COMPANY
    * SOURCING ALL INVESTMENT ACTIVITIES AND OTHER
ADMINISTRATIVE
FUNCTIONS FROM ININ CAPITAL PARTNERS WILL RESULT IN A NET
REDUCTION OF FIXED OVERHEAD COST OF ABOUT NOK 5 MILLION ANNUALLY
FOR ININ GROUP FROM LAST YEAR'S COST LEVEL
    * TODAY'S EMPLOYEES IN ININ GROUP AS WILL BE TRANSFERRED TO
ININ
CAPITAL PARTNERS
    * IN ADDITION TO COST SAVINGS, ININ GROUP WILL BENEFIT FROM
NEW
MANAGEMENT STRUCTURE

Source text for Eikon:  ID:nObiD1ws4a 
Further company coverage:  ININ.OL 

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