Fenix Outdoor completes acquisition of majority stake in Devold

Fenix Outdoor completes acquisition of majority stake in Devold Today, Fenix Outdoor International AG completed the acquisition of a majority shareholding in Devold of Norway AS, as announced on Tuesday, 4 March 2005. Fenix has paid 35 MEUR for the 65% stake in Devold through a combination of cash and 112,898 Fenix Outdoor treasury shares. The seller is Flakk Group, which retains 35% of the shares in Devold. The parties have in addition agreed on a mutual put/call arrangement, starting four years from signi ...