Fenix Outdoor completes acquisition of majority stake in Devold
05 Mars 2025 - 1:45PM
UK Regulatory
Fenix Outdoor completes acquisition of majority stake in Devold
Fenix Outdoor completes acquisition of
majority stake in Devold
Today, Fenix Outdoor International AG completed
the acquisition of a majority shareholding in Devold of Norway AS,
as announced on Tuesday, 4 March 2005.
Fenix has paid 35 MEUR for the 65% stake in
Devold through a combination of cash and 112,898 Fenix Outdoor
treasury shares. The seller is Flakk Group, which retains 35% of
the shares in Devold.
The parties have in addition agreed on a mutual
put/call arrangement, starting four years from signing, whereby
Fenix Outdoor has the right to buy and the Flakk Group has the
right to sell the 35% of Devold shares held by the Flakk Group.
If any further questions, please
contact:
CFO of Fenix Outdoor, Thomas Lindberg, +
46 703 33 17 63
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