Option excercised to increase ownership in Everfuel Retail Norway
Herning, Denmark, 23 March 2021 – Everfuel A/S is pleased to announce that the company has exercised an option to acquire 4.9% of the shares in Everfuel Retail Norway AS from NEL ASA. Everfuel will after the transaction hold approximately 56% of Everfuel Retail Norway. The initial acquisition of a 51% stake and creation of Everfuel Retail Norway, including an agreement for Everfuel to increase its investments in the company and buy-out Nel at predefined price over time, was announced on 25 November 2020. Everfuel will pay a cash consideration for the additional shares in line with the