HERNING: Everfuel A/S has exercised an option to acquire 4.9% of the shares in Everfuel Retail Norway AS from NEL ASA, a news release said.

Everfuel will after the transaction hold approximately 56% of Everfuel Retail Norway.

The initial acquisition of a 51% stake and creation of Everfuel Retail Norway, including an agreement for Everfuel to increase its investments in the company and buy-out Nel at predefined price over time, was announced on 25 November 2020.

Everfuel will pay a cash consideration for the additional shares in line with the agreement to increase its ownership over time. The transaction is expected to be completed by end of March.

Everfuel is making green hydrogen for zero emission mobility commercially available across Europe, offering competitive all-inclusive hydrogen supply- and fueling solutions. www.everfuel.com