Nordic Growth Market intends to buy a significant ownership in Privanet Group Oyj
Nordic Growth Market NGM AB and Privanet Group Oyj have signed a letter of intent which would make NGM a significant owner of Privanet Group. Provided the extraordinary general meeting accepts the proposal, and subject to the approval of the Swedish and Finnish FSA, the directed share issue will be conducted in two rounds in which NGM’s ownership in Privanet Group will immediately rise to 5%, and after certain commercial terms have been met, at a later point in time, rise to 10%. If realized, the first share issue will be carried out in October 2017. “Widening our ownership base