The Icelandic Competition Authority has approved the acquisition by Kvos of Plastprent from the Iceland Enterprise Investment Fund. An agreement of the sale was signed on 12 July last summer following an open and well arranged divestment process. Reservations were made regarding the transaction which, among other things, included approval by the Competition Authority. All the conditions of the agreement have now been met, and Plastprent has therefore been fully divested from the Iceland Enterprise Investment Fund’s investment portfolio.
Straumur Investment Bank managed the transaction on behalf of the EIF.
Haflidi Helgason, tel. + 354-864 6350, email@example.com