BEWI – Completion of acquisition of majority stake of listed Polish company IZOBLOK and completion of private placement
Reference is made to the stock exchange release dated 28 April 2021 regarding BEWI ASA's acquisition of a majority stake of the listed Polish company IZOBLOK Spólka Akcyjna, a leading European provider of Expanded Polypropylene (EPP) components to the automotive industry. The transaction was completed today. BEWI has acquired 54.21 per cent of the shares, corresponding to 65.66 per cent of the voting rights, of IZOBLOK. In connection with completion of the transaction, BEWI has also completed a private placement directed towards the majority seller in the transaction, in which 1,132,