Kramp Groep B.V. signed an agreement to acquire P. Grene A/S from Aktieselskabet Schouw & Co. (CPSE:SCHO) for approximately €120 million (DKK 900 million) in stock on August 29, 2013. The merger of Kramp and Grene will be effected by means of a share swap. Under the terms of the deal, Schouw & Co, owner of P. Grene will hold a 20% stake in Kramp and existing shareholders of Kramp, including the management and private equity firm NPM Capital, will retain their shares and will hold a combined 80% interest in the company created by the merger. Schouw & Co will appoint one Director to the merged company's four member Board. The deal is subject to approval by the Competition Authorities in Poland and Russia and regulatory clearance among other customary closing conditions and is expected to be completed before the end of 2013.

At the end of third quarter of 2013 all the necessary approvals for the combination of Grene and Kramp have been obtained. Charles Honée, Karine Kodde, Jasper de Jong and Julie van den Bergh of Allen & Overy Amsterdam acted as legal advisors for Kramp Groep B.V. Willem de Nijs Bik of Houthoff Buruma acted as legal advisor for Aktieselskabet Schouw & Co. Michael Meyer of Gorrissen Federspiel Kierkegaard acted as legal advisor to Aktieselskabet Schouw & Co. The convesrion for deal value has been done through ww.oanda.com.

Kramp Groep B.V. completed the acquisition of P. Grene A/S from Aktieselskabet Schouw & Co. (CPSE:SCHO) on November 8, 2013.