Brief: Måsøval As Cancels Its Acquisition Of Production Capacity (Mab) Following Resource Tax Proposal

Masoval AS

05/10/2022 18:43

Oct 5 (Reuters) - Masoval As  MASM.OL :
    * MÅSØVAL AS CANCELS ITS ACQUISITION OF PRODUCTION CAPACITY
(MAB)
FOLLOWING RESOURCE TAX PROPOSAL
    * COMPANY WILL UNTILL FURTHER NOTICE POSTPONE PLANNED
INVESTMENTS
IN EXCESS OF MNOK 1,000
    * THIS WILL HAVE SIGNIFICANT NEGATIVE REPERCUSSIONS FOR OUR
SUPPLIERS AND COASTAL SOCIETIES WHERE WE OPERATE OUR BUSINESS
    * IN LIGHT OF THIS, MÅSØVAL HAS DECIDED TO CANCEL ITS
ACQUISITION
OF 116 TONNES MAB IN PRODUCTION AREA 6

Source text for Eikon:  ID:nObifFChna 
Further company coverage:  MASM.OL 
 ((Reuters.Brief@thomsonreuters.com;))