Domstein had weak funding, and thus little freedom. The agreement with Kverva means that companies have complete control over the listed company and thus have the freedom to make changes.
The largest shareholder in Domstein, R. Domstein & amp; Co., has for some time been working to find solutions that could save the company, or as it says in the message from the exchange, “the search for structural and financial solutions that can ensure the company’s businesses and protect creditors, shareholders, employees, customers and other affected parties’ interests in a good way.
In the past year, R. Domstein & amp; Co. has been in talks and eventually negotiations with Kverva about a possible merger of Domsteins Swedish business and Kverven activities in fish processing and sales / distribution of processed fish products. As part of this, the parties to the Agreement have agreed on a transaction where Domstein acquire Kverven shares Lofotprodukt.
The purpose of the transaction is to establish a stronger unit in the processing and sale of seafood products, and that will omfatteden activities currently run through Domstein Foods (Domsteins business in the Swedish market) and Lofotprodukt.
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