Ograi BidCo AB controls more than 90% of the shares in Opus Group AB (publ) and requests delisting and initiates compulsory redemption of the remaining shares
Ograi BidCo AB ("Ograi") has entered into an agreement regarding acquisition of shares which results in control of more than 90 per cent of the shares in Opus Group AB (publ) ("Opus" or the "Company"). The price paid in the transaction resulting in Ograi exceeding the 90 per cent threshold was SEK 10.70 per share.
François Dekker, Partner at Searchlight, and Chairman of Opus, comments in his role as Partner at Searchlight:
“We are pleased that Searchlight now controls more than 90% of the shares in Opus Group, enabling a delisting of the Company’s shares. We are convinced that the Company will benefit from operating under a private ownership and look forward to continuing our productive working relationship with the Opus team.”
Ograi has on this basis initiated compulsory redemption of the remaining shares in the Company, requested Opus to apply for delisting from Nasdaq Stockholm and requested an extraordinary general meeting to, e.g. change the composition of the board of directors.
For media enquiries, please contact:
Birgitta Henriksson, Partner, Fogel & Partners
Tel: +46 708 12 86 39, e-mail: birgitta.henriksson@fogelpartners.se
The information in this press release was submitted for publication through the agency of the contact person set out above, on 5 October, 2020 at 18.30 p.m. (CEST).