Anemoi International to Acquire Trasna in Transformational Move

Anemoi International Ltd has announced it has entered into a binding Sale and Purchase Agreement to acquire Trasna. This acquisition involves purchasing 100% of the issued share capital of Trasna (Abu Dhabi) through a reverse takeover. The entire transaction is valued at $150 million, which will be paid via newly issued ordinary shares of Anemoi at £0.02 per share.

Upon completion, Anemoi will seek to have its expanded shares readmitted to trading on the London Stock Exchange. Conditions for the acquisition include the transfer of all Trasna group entities to Trasna (Abu Dhabi). The company also plans to change its name to Trasna Ltd post-acquisition.

The acquisition aligns with Anemoi's strategy to enhance value for its stakeholders through strategic growth. While the deal promises to bolster Trasna's innovation in semiconductor and IoT solutions, it remains subject to due diligence and potential changes to terms.