AQUA BIO TECHNOLOGY ASA - Buyback of Subsidiaries
Aqua Bio Technology ASA (ABTEC) has entered into agreements with Coc Invest AS, Odp Holding AS, Fiala Holding AS, Kø Consulting AS, Cover Consult AS, and Hartmanns Norge AS for the sale of Ovalen AS, 3D Innovation Nordic AS, and Coverbrands AS.
The settlement for the sales consists of 11 million ABT shares and 500,000 in cash.
As previously reported, ABTEC has identified significant findings in connection with the audit of the companies now sold, for the fiscal year 2024.
As part of the settlement, ABTEC retains litigation competence, should there be grounds for this.
Disclosure regulation
This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.
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About Aqua Bio Technology ASA
Aqua Bio Technology ASA (ABTEC) is a distribution group in skincare and nonfood. The group has distribution towards B2C, B2B, B2B2, and freight, customs, and logistics services. The group also develops sustainable biotechnology for use in skincare products. Aqua Bio Technology is listed on the Euronext Expand market of the Oslo Stock Exchange.
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