BLOM ASA SIGNED AGREEMENT TO DIVEST ITS ROMANIEN SUBSIDIARY BLOM ROMANIA

Blom ASA has signed an agreement to divest its 
Romanian subsidiary Blom Romania SRL to the Danish 
engineering company Rambøll A/S. 

Blom will receive a consideration of EUR 2.1 million 
in cash for 100 % of the shares in Blom Romania SRL.  
The transaction is expected to be completed in the 
first quarter 2014.  The transaction is subject to 
the approval by competition authorities in Romania
The transaction does not include the activities of 
Blom International Operations SRL in Romania.

The transaction decreases the funding requirements 
and increases the liquidity reserves of the Blom 
Group and reduces the operational and credit risk 
exposure of the Blom Group in geographical areas 
which has proven to be challenging.

For further information please contact:
Dirk Blaauw, CEO Blom ASA, at tel: +47 22 13 19 23