According to Dagens Næringsliv, the parties have worked to bring about a deal in four months. Chairman Knut Flakk told the newspaper that they wanted to strengthen the capital base for future growth.
They would also bring in a strategic investor to bring in other values.
– Mitsui sitting with a very global network, and through their accession, we can use the resources and network they are sitting on, says Flakk to Dagens Næringsliv.
International company
Mitsui & amp; Co LTD has 141 offices in 66 countries, according to the announcement made by Hexagon Monday.
The international company now purchase 8.3 million shares of Flakk Investment. They also bought 33 million new shares through a private placement.
Knut Flakk confirmed to DN that Flakk Investment are left with a nice profit after share sale. Cost is significantly lower, and the weight is gain.
According to Dagens Næringsliv supplied Hexagon 660 million.
Flakk joins further
Flakk Investment has previously owned 32 percent of Hexagon Composites ASA, with Head office in Ålesund.
Flakk is now left with 21 percent of the shares and want to move forward as long-term investor, according to a stock exchange announcement.
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