Blom ASA signs agreement to divest its Danish subsidiary Blominfo a/s

Blom ASA (Blom) has signed an agreement to divest its Danish subsidiary BlomInfo A/S to the Danish engineering and consulting company NIRAS A/S.

Blom will receive a consideration of DKK 19.4 million as compensation for the equity in BlomInfo A/S and working capital provided by Blom to BlomInfo A/S. After the completion date Blom may receive up to an additional DKK 4.5 million as further repayment of the working capital in BlomInfo A/S.

The transaction is expected to be completed within the end of next week.

Internet: www.blomasa.com