Meriaura Group Plc: Inside information: Sale of Meriaura's minority shareholding to Meriaura Invest
July 02 2024 - 9:10AM
Meriaura Group Plc: Inside information: Sale of Meriaura's minority
shareholding to Meriaura Invest
Meriaura Group Plc Company announcement, Inside
information
2 July 2024 at 15.10 (CEST)
Inside information: Sale of Meriaura's
minority shareholding to Meriaura Invest
Referring to the company announcement by Meriaura Group Plc
(“Meriaura Group”) on April 25, 2024, the company's board has today
decided to sell the minority shareholding of its subsidiary engaged
in maritime logistics, Meriaura Ltd (“Meriaura”), to the group's
largest shareholder, Meriaura Invest Ltd (“Meriaura Invest”).
The agreed sale price for the 20.6% ownership share is EUR
4 552 659,73. This amount will offset Meriaura Invest's
loan receivable of EUR 4.43 million with interest from Meriaura
Group.
The transaction has been concluded with a dismantling clause,
allowing Meriaura Group to repurchase Meriaura’s shares at their
original purchase price by the end of 2024. Additionally, a
shareholders' agreement has been drafted between Meriaura Group and
Meriaura Invest regarding the ownership rules applicable to
Meriaura.
MERIAURA GROUP PLC
Further information:
CEO Kirsi Suopelto
Tel: +358 50 560 2349
Email: kirsi.suopelto@meriaura.com
Meriaura Group Plc discloses the information
provided herein pursuant to the EU Market Abuse Regulation. The
information was submitted for publication 2 July 2024 at 15.10
(CEST) by the aforementioned person.
Meriaura Group in brief
Meriaura Group has two business areas: Marine
Logistics and Renewable Energy.
Marine Logistics business is carried out by
Meriaura Ltd, which is a major provider of transport for bulk cargo
and demanding project deliveries in Northern Europe, especially in
the Baltic Sea and North Sea regions. The company provides its
customers with competitive and low-emission marine transport
services, based on long-term affreightment agreements, modern
fleet, and active development of its operational sustainability. In
addition, Meriaura has a strong market position in the marine
logistics in renewable energy construction projects.
The Marine Logistics business also includes
VG-EcoFuel Ltd which produces biofuels from bio-oils and recycled
oils generated as industrial by-products.
The Renewable Energy business focuses on
comprehensive clean energy systems. Meriaura Energy Ltd designs and
delivers clean energy production systems as comprehensive
deliveries for industrial use and district heating. The energy
production is based on large-scale solar thermal systems
implemented using high-performance solar thermal collectors
manufactured by the company. The Renewable Energy business also
includes Rasol Ltd, specialised in delivering high-quality solar
power systems for real estates, companies and solar parks.
Meriaura Group’s share is listed on Nasdaq First
North Growth Market Sweden as MERIS and on Nasdaq First North
Growth Market Finland as MERIH.
www.meriauragroup.com
The Company’s Certified Adviser is Augment Partners AB,
info@augment.se, tel. +46 8 604 22 55.