Hampidjan Announces Strategic Investment in Kohinoor Ropes, India

Hampiðjan hf. has signed today, few minutes ago, an agreement to acquire a 75.1% stake in the Indian net and rope manufacturing company Kohinoor Ropes Pvt. Ltd.. Various formalities remain to be completed before the final settlement, but it is expected that it will only take a few weeks as no approval from the competition authorities is required, neither in Iceland nor in India. Due diligence, financial, legal and for ESG has been largely completed.