The deal to acquire 100% of the shares in Settle Group from the English company Sokin was completed in early December 2024. The acquisition price was not publicly announced by the parties.
MFG Invest did not receive any money from the transaction, as the funds were not sufficient to recoup the investments made. The sale price was distributed among the shareholders who have a special liquidation preference.
MFG Invest AD fully wrote off its investment in Settle Group AS in 2023, therefore this sale does not reflect the value of the company’s portfolio at this time.