SIBA Invest Aktiebolag has entered into an agreement to sell all shares in NetOnNet AB to Komplett ASA. As consideration for the shares in NetOnNet, SIBA Invest will receive NOK 1,500 million in cash and 35,242,424 newly issued shares in Komplett. Based on the closing price of Komplett’s share on the Oslo Stock Exchange on 8 February 2022, the total value of the consideration corresponds to NOK 3,706 million.

Completion of the transaction is conditional upon certain approvals at a general meeting of shareholders in Komplett and clearances from the competition authorities in Sweden and Norway.

Gernandt & Danielsson advises SIBA Invest with a team mainly consisting of partner Fredrik Palm, senior associates Daniel Sveen and Simona Stenborg and associate Matteus Özer.