The local management completed the acquisition of JSC Elopak from Elopak ASA (OB:ELO).
February 21, 2023
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The local management entered into an agreement to acquire JSC Elopak from Elopak ASA (OB:ELO) on July 15, 2022. Under the terms, the consideration will be payable in five annual instalments, the first of which becomes due shortly after completion of the transaction. Post-acquisition, JSC Elopak will operate independently. The completion of the transaction is subject to approval by the Governmental Commission on the Control over Foreign Investments in Russia. Elopak has a right to withdraw from the transaction until closing in the event that it becomes illegal under Norwegian law. It is expected that completion of the sale will take place in Q3 or Q4 2022. As on December 30, 2022, The local management got the approval from the the Governmental Commission on the Control over Foreign Investments in Russia. Elopak is waiting to get the approval from the Governmental Commission on the Control over Foreign Investments in Russia to close this deal. The deal is expected to close in Q1 of 2023.
The local management completed the acquisition of JSC Elopak from Elopak ASA (OB:ELO) on February 22, 2023.
Elopak ASA is a Norway-based supplier of carton packaging and filling equipment. The Company provides packaging solutions that offer a natural and convenient alternative to plastic bottles and are designed to meet the needs of a low carbon circular economy. Elopak delivers complete and optimized packaging systems designed to minimize the food waste. The Company business is represented in two business segments: Dairy and Juice. Elopak AS is parent company to many subsidiaries, including but not limited to: Elopak B.V., Elopak GmbH, Elopak SpA, Elopak Denmark A/S, Elopak Oy, Elopak Egypt LLC, Elopak UK Ltd and Elopak Systems AG among other. The Company operates worldwide in more than 42 countries.
ELOPAK ASA 
