Sale of ownership interest in Sparinvest Holdings SE
Nasdaq Copenhagen
London Stock Exchange
Other stakeholders
28 June 2019
Sale of ownership interest in Sparinvest Holdings SE
As advised in our corporate announcement of 1 March 2019, on that date the owners of Sparinvest entered into a conditional agreement concerning the sale of shares in Sparinvest.
The due diligence process pending at the time has now been completed and minor adjustments have been made to the composition of the remuneration for the selling shareholders. The only conditions remaining to be met are obtaining the necessary public authority approvals from the financial supervisory authority in Luxembourg, CSSF and from the competition authorities.
If the public authority approvals are obtained within the expected time frame, the transaction will thus be completed in Q3 2019.
Yours sincerely
Ringkjøbing Landbobank
John Fisker
CEO
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