-
ININ Group AS: Market update and future outlook presentation
ININ Group’s main shareholder, Qben Infra AB, will today hold a market update and future outlook presentation. The presentation material is enclosed to this announcement. Key highlights from the presentation include: – The ongoing divestments of the Qben Rail platform and Kvalitetsbygg create value and sharpen focus. – Proceeds from the Qben Rail and Kvalitetsbygg…
-
Completion of acquisition of Nordnes Narvik AS
Nordic Infrastructure Group AS, a subsidiary of Inin Group AS, has completed the acquisition of 100 percent of the shares in Northern Norway based Nordnes Narvik AS – a specialist railway contractor in the region. Reference is made to the stock exchange announcement dated 29 May 2024 regarding the transaction. Nordnes Narvik becomes part of…
-
ININ Group AS: Subsidiary awarded NOK 40 million contract
Rail Production AS, a subsidiary of ININ Group-owned Nordic Infrastructure Group, has been awarded a NOK 40 million railway maintenance contract in Oslo, Norway. Under the contract, Rail Production AS, will conduct track and overhead power line work in Oslo during a five-week maintenance shutdown period in the July/August summer holiday period. Rail Production AS…
-
Qben Infra’s platform company Hadeland Elektro AS awarded contract
Qben Infra’s wholly owned subsidiary Hadeland Elektro AS has been awarded a contract to deliver electrotechnical and signalling work at Majorstuen station in Oslo, Norway. The contract is valued at NOK 28.5 million. The work will be performed during 2025 and Q1 2026.Hadeland Elektro will deliver the work as a subcontractor to a main contractor.…
-
SPA signed to acquire North Norway-based railway contractor
Nordic Infrastructure Group AS, a subsidiary of ININ Group AS, has today signed the share purchase agreement (SPA) to acquire 100 percent of the shares in North Norway-based railway contractor Nordnes Narvik AS. Reference is made to the stock exchange announcement dated 29 May 2024 regarding the potential transaction. Nordnes Narvik AS is a key…
-
Qben Infra AB successfully issues bonds of SEK 500 million to refinance the outstanding ININ bond, certain bank debt as well as fund general corporate purposes including two pending add-on acquisitions
Qben Infra AB (publ) (“Qben”) successfully issues senior unsecured bonds of SEK 500 million to refinance the outstanding ININ bond and certain bank debt within the Qben group as well as fund general corporate purposes, including two pending add-on acquisitions, as announced on 9 December 2024. Qben has successfully issued senior unsecured bonds of SEK…
-
Inin Group AS / Qben Infra subsidiaries reach 65% sales rate for launched property projects!
Team Bygg AS and Holtekilen Bolig AS, both subsidiaries of Qben Infra AB, which has launched a voluntary share exchange offer directed to all shareholders in ININ Group AS, today announces that it has reached an average sales rate of 65 percent for all launched projects in the companies’ respective property development portfolios. In October…
-
Results of share exchange offer directed to all shareholders in ININ Group
Results of share exchange offer directed to all shareholders in ININ Group / Qben Infra indends to proceed with listing of its shares on Nasdaq First North Premier Growth Market. 18 November 2024 – Reference is made to the stock exchange announcements dated 4 and 12 November 2024 regarding the voluntary share exchange offer directed…
-
Launch of share exchange offer to shareholders in ININ Group
Qben Infra AB (“Qben Infra” or the “Offeror”) is today pleased to launch an exchange offer, at the same terms and conditions set forth in the offer directed to the 140 largest shareholders that was announced on 31 May 2024, to all shareholders in ININ Group AS (“ININ Group”). A prospectus regarding the offer to…
-
ININ Group’s Q3 2024 financial results
ININ Group today reports estimated net asset value (NAV) of NOK 780 million, up from NOK 755 million at the beginning of the quarter. The group delivered revenue of NOK 479 million (198) and adjusted EBITDA of NOK 47 million (19), which, respectively correspond to increases of 142 and 150 percent versus the same quarter…