Santa Fe Intressenter AB acquired Santa Fe Group Limited from Santa Fe Group A/S (CPSE:SFG) for €1 million on September 25, 2019. The terms of the acquisition include the total debt of Santa Fe Group A/S to Proventus Capital Partners. Additionally, it has been agreed that Santa Fe Group A/S will receive 15% of the gain in the event of a future cash sale of the relocation business within 5 years from the agreement has been signed. The future gain is adjusted for e.g. debt, interest and any potential additional investments. Santa Fe name will be transferred to the divested relocation business, resulting in a re-name of Santa Fe Group A/S. Yann Blandy has been appointed as the new Chief Executive Office of Santa Fe Group, and Runar Nilsen is now the deputy Chief Executive Officer of the group. As a result of the acquisition, 1800 jobs will be saved. The transaction results in an accounting loss of approximately €21.5 million, which results in an expected equity of Santa Fe Group A/S of €2-2.7 million after the divestment. Santa Fe Intressenter AB completed the acquisition of Santa Fe Group Limited from Santa Fe Group A/S (CPSE:SFG) on September 25, 2019.