Calviks acquisition of Subshore wins Norwegian competition clearance
Calviks received Norwegian Competition Authority clearance for its planned purchase of 70% of Subshore.no. Deal values Subshore at about NOK 255 million cash- and debt-free; 70% stake priced at about NOK 178.5 million. About NOK 125 million is due in cash at closing; two performance-based earn-outs could follow. Subsho