Colabitoil Sweden AB (publ) (NGM:COLAB) agreed to acquire AS Green Cube Innovation Holding on November 24, 2021. The new company, Greenbit, will have 120 fuel stations in Norway and Sweden in addition to a significant B2B business in both countries. As a part of the combination agreement the new company will acquire a 20% ownership stake in Colabitoil Produktion AB. The combination of the two companies is pending on approval from Swedish competition authorities. Colabitoil Sweden AB (publ) (NGM:COLAB) completed the acquisition of AS Green Cube Innovation Holding on December 23, 2021.