Devold of Norway AS
private/Fenix Outdoor International AGprivateFenix Outdoor to acquire 35% minority stake in Devold for €9.6M
Deal value
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cash
Per-share offer
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9.6 MEUR in cash for 35% stake
Premium
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Days to close
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Term fee
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Announced
Apr 28, 2026
Preliminary Proxy
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Definitive Proxy
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Record date
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Shareholder vote
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Expected close
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No shareholder vote required for this transaction.
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- ✓Financing· No financing condition
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Fenix Outdoor International AG signed a term sheet to acquire the outstanding 35% minority stake in Devold of Norway AS from the Flakk Group for €9.6 million in cash. Fenix Outdoor currently holds 65% of Devold since March 2025 and will own 100% upon closing. The acquisition supports Fenix Outdoor's ability to expand the Devold brand outside its core markets of Norway and Germany.