We are happy to have assisted Delcredere | Ducroire (“Credendo”), an export credit agency wholly owned by the Belgian state, in connection with its investment in Aera Payment & Identification AS (“Aera”), a Norwegian company developing and delivering payment and identification services.
The transaction was complex as it involved four steps in two jurisdictions: In the first, Credendo, at the time being a minority shareholder in the Belgian entity Digiteal, delivering payment and invoicing solutions, acquired all minority shareholdings in Digiteal after which it became owner of 100% of the shares in Digiteal and immediately thereafter made a cash contribution in Digiteal against issue of new shares in Digiteal. In the third step, Credendo sold all the shares in Digiteal to Aera against issue of new shares in Aera and finally made a cash contribution in Aera, also against issue of new shares in Aera. The investment will enhance Aera’s journey to take commercial stakes in Belgium and the remaining continental Europe.
Simonsen Vogt Wiig’s core team consisted of Amund Fougner Bugge, Lars Buan and Hedda Sofie Taxerås.
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