Citadel Holdings Inc acquired an unknown remaining stake in Broadband Everywhere Corporation from Net1 International Holdings AS on May 11, 2021. The divestment was approved unanimously by the board of Net1 AS. All necessary conditions for the transaction have been met. The majority of the sale proceeds will be used to pay down some of the existing outstanding shareholder loans from Rasmussengruppen and Sampoerna and the remaining amount will be re-invested into Net1 International’s Indonesian operation. Citadel Holdings Inc completed the acquisition of teran unknown remaining stake in Broadband Everywhere Corporation from Net1 International Holdings AS on May 11, 2021.