Promens signs new 5 year Revolving Credit Facilities

06.01.2012

Newly signed Credit Facilities and new shareholders clearly illustrate positive expectations of the financial and investment community towards Promens.Read more

EIF increases interest in Promens

26.09.2011

The Enterprise Investment Fund (EIF) has concluded an agreement to acquire 49.5% interest in Promens hf. Earlier this year Horn Invest hf. (Horn) and EIF reached an agreement that EIF would acquire a 40% interest in Promens with an option to increase its share by an additional 9.5%. The deal was subject to the outcome of a due diligence process which now has been concluded. EIF has decided to exercise its option to increase its interest to the full extent. The acquisition price is EUR 49.5 million. Read more