Alden AS, board members, shareholders and CEO of Hoylu AB agreed to acquire remaining majority stake in Hoylu AB (publ) (OM:HOYLU) on June 26, 2024. Following the transaction the company renamed to Hoylu Group AS. The Holding Company will, following the acquisitions hold more than 95 per cent of the total number of shares and votes in the Company.

As soon as all transactions have been settled, the Holding Company has informed that it intends to initiate squeeze-out proceedings in respect of the remaining shares and request that Hoylu applies for delisting of the Company?s shares from Nasdaq First North Growth Market. Mangold Fondkommission AB acted as advisor in transaction.