OptiGroup and Pamark decided to abandon proposed transaction

Despite the good faith efforts to develop a remedy commitment package, the parties consider that the receipt of FCCA approvals for the consummation of the transaction on acceptable terms and within short seems unlikely. OptiGroup and Pamark have therefore agreed to terminate the SPA and withdraw from the closing of the transaction. Despite the good faith efforts to develop a remedy commitment package, the parties consider that the receipt of FCCA approvals for the consummation of the...

Despite the good faith efforts to develop a remedy commitment package, the parties consider that the receipt of FCCA approvals for the consummation of the transaction on acceptable terms and within short seems unlikely. OptiGroup and Pamark have therefore agreed to terminate the SPA and withdraw from the closing of the transaction.

For further information, please contact:

Sören Gaardboe, President and CEO, OptiGroup, [email protected] 
Thomas Eriksson, CFO and SVP Finance, OptiGroup, [email protected]  
Stefan Sikander, Corporate Communication Director, OptiGroup, [email protected] 

 

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