SIG Invest and Deflamo entered LoI for reverse takeover

6 September 2019

SIG Invest AB (publ) and Deflamo AB (Nasdaq First North Growth Market: DEFL B) have jointly announced that the parties have entered into a letter of intent for a reverse takeover where Deflamo will acquire the shares in SIG Invest by an issue in kind.

Following the completion of the transactions, the shareholders of SIG Invest will hold approximately 95 per cent of the shares and votes in Deflamo and the current shareholders of Deflamo will hold approximately 5 per cent of the shares and votes in Deflamo.

The transaction is subject to approval by Nasdaq and general meetings.

SIG Invest, founded in 2014, is a value-adding real estate company that works with innovative property development and property management.

Augment is acting as financial adviser to SIG Invest in connection with the reverse takeover.

Read full press release (in Swedish)