99,99 percent shareholder support for the merger with Altia

Today, at the Extraordinary General Meeting of Arcus ASA, the shareholders voted on the proposed merger with Altia. 73,8 per cent of the share capital was represented at the meeting, and as many as 99,99 per cent voted in favour of the merger.

-It is very satisfactory with such overwhelming support among our shareholders, says the Chairman of the Board at Arcus ASA, Michael Holm Johansen.

On September 29 at a joint press conference in Helsinki, Altia and Arcus announced that the boards of the two companies were proposing a merger of the two companies.

Following the approval of national Competition Authorities and fulfilment of other standard conditions for closing, completion of the merger is expected to take place in the first half of 2021.The new company, to be named Anora Group PLC, will have a unique brand portfolio, more resources for developing new products, become even more attractive to international partners and brand owners, and have more resources for selective investments and M&As. 

Contact: Per Bjørkum, Group Director Communications and IR, mobile +47 922 55 777 and e-mail: [email protected]