Crown Energy announces completion of the acquisition of ESI Group SA and the postponing of the announcement of half-year report
Crown Energy AB (publ) (”Crown Energy” or the ”Company”) is extremely pleased to announce that the acquisition of ESI Group SA. (”ESI Group”) today is completed. On 10 November 2016, Crown Energy entered into an agreement to acquire all outstanding shares of ESI Group from YBE Ventures Ltd (“YBE Ventures”) owned by Yoav Ben-Eli. Crown Energy has today completed the acquisition according to the agreement. Due to the large amount of work to now consolidate the financial reports for the new Crown Energy group, the board of directors of Crown Energy has resolved to postpone the announcement of