Celine Sieben GmbH entered into an agreement to acquire FFW Danmark ApS from ICTA AB (publ) (OM:ICTA) for an enterprise value of approximately SEK 370 million on October 17, 2019. Pursuant to the terms of the transaction, Celine Sieben GmbH will pay around €294 million (SEK 3,184 million) in cash for all the shares of FFW Danmark ApS and latest by June 2020, will pay an additional purchase price of around SEK 0 million to SEK 55 million. In connection with the change of hands, Celine Sieben GmbH will pay off all bank loans. In connection of the sale, Board of ICTA AB (publ) proposes divident during 2019 and 2020 of the remaining base purchase price corresponding to about SEK 170 million or SEK 11.70. Board proposed dividend of SEK 7.8 per share to be distributed during quarter 4, 2020. There will be no changes to the FFW staff, but at closing Michael Drejer will resign as Chief Executive Officer of ICTA AB. Michael Drejer will continue in his position as Global Chief Executive Officer of FFW. The transaction is expected to be completed in the fourth quarter of 2019. KPMG acted as financial and tax due diligence advisor for Findos Investor GmbH, shareholder of Celine Sieben GmbH. Ola Lidström of Bird & Bird Advokat KB and Setterwalls Advokatbyrå AB acted as legal advisors to ICTA AB (publ) (OM:ICTA).