Reference is made to the press release dated May 13 where Qben Infra announced that ININ Group AS, which is majority owned by Qben Infra AB, has agreed to the principal terms of an agreement and signed a letter of intent (LOI) with an undisclosed buyer regarding the potential divestment of the Qben Rail platform.
The due diligence process is on-going. No material findings have been reported, and the parties still intend to close the transaction at the terms outlined in the LOI. Finalization and signing of the agreement are expected to take place late in Q3 or early in Q4.
For further information, please contact:
Øivind Horpestad, board member, Qben Infra, tel: +47 910 00 626
Patrik Egeland, CFO, Qben Infra, tel: +47 91 60 65 19
FNCA Sweden AB is the company's certified adviser.
About Qben Infra
Qben Infra invests in and develops companies in infrastructure services in the Nordic region. The company operates in niches where the market is driven by strong growth trends, large government investments and where opportunities for consolidation and strong growth exist - for example, railways and power grids. The strategy includes driving organic growth, reinforced by selective acquisitions (M&A) and realisation of synergies. For more information, see qben.se.