Ahlsell Danmark Aps agreed to acquire a 75.49% stake in Sanistål A/S (CPSE : SANI) from Danske Bank A/S (CPSE:DANSKE), Jyske Bank A/S (CPSE:JYSK), Nykredit Bank A/S and Nordea Bank Abp (OM:NDA SE) for approximately DKK 520 million on May 24, 2022. Ahlsell Danmark will pay DKK 85 per share for 9,000,909 shares in Sanistål, representing approximately 75.49% stake. In a related transaction, Ahlsell Danmark Aps made an offer to acquire remaining 24.51% stake in Sanistål A/S for approximately DKK 250 million. The transaction is subject to certain conditions, including necessary approvals by relevant regulatory authorities. As of October 24, 2022 European Commission has asked the Danish Competition and Consumer Authority to assess the Danish part of the merger to find out whether it will impede competition. As of August 16, 2022, the offer period has been extended to September 6, 2022, to provide additional time to obtain regulatory approval from the competition authorities required to consummate the transaction. As of October 24, 2022 Ahlsell Danmark ApS hereby announces its decision to extend the offer period until November 24, 2022. As of November 11, 2022, The European Commission (EC) have approved the transaction. As of November 22, 2022, postpone the deadline for fulfilment of the regulatory approvals from November 24, 2022 to December 23, 2022. As of December 20, 2022, Transaction has received regulatory approvals. The combination of Sanistål and Ahlsell Danmark ApS will create a strong platform for providing professional customers in Denmark with a customer-centric full-service product offering. Sanistål has retained Danske Bank, Corporate Finance as financial adviser and Plesner Advokatpartnerselskab as legal adviser.

Ahlsell Danmark Aps completed the acquisition of a 75.49% stake in Sanistål A/S (CPSE : SANI) from Danske Bank A/S (CPSE:DANSKE), Jyske Bank A/S (CPSE:JYSK), Nykredit Bank A/S and Nordea Bank Abp (OM:NDA SE) on December 22, 2022.