Fosielund Holding Ab made an offer to acquire unknown additional stake in Hövding Sverige AB (publ) (OM:HOVD) on January 13, 2022. As of February 16, 2022, Fosielund after accounting for settlement in the Offer, held 18,021,741 shares corresponding to approximately 65 percent of the shares and votes. As on April 8, 2022, Fosielund announced through a press release that it had acquired a major item of shares in Hövding, after which Fosielund held approximately 88.7 percent of the shares and votes and an intention to acquire additional shares.

As on May 4, 2022, Fosielund announced through a press release that it had acquired additional shares and that its ownership now exceeded 90 percent of the total number of shares in Hövding. At the same time, Fosielund announced that they intend to call for compulsory redemption of the remaining shares in Hövding and in connection therewith work for the Board of Directors of Hövding to decide to de-bill Hövding's shares from trading on First North. The offer will commence from January 17, 2022 to February 15, 2022.