# Havyard Group signs agreement to sell 75% stake in MMC First Process

Havyard Group ASA has signed a Head of Terms to sell its 75% ownership in MMC First Process AS to a consortium of First Process Holding AS and Credo Partners, and will buy back MMC First Process's 77% stake in MMC Green Technology AS.

- Type: Acquisition
- Announced: 2019-04-14
- Where: Norway
- Status: announced
- Products: seafood handling and cooling solutions, ballast water handling systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [MMC First Process](https://endata.com/companies/3972.md) (target)
- [Havyard Group](https://endata.com/companies/38716.md) (partner)
- [First Process Holding](https://endata.com/companies/38717.md) (acquirer)
- [Credo Partners](https://endata.com/companies/38718.md) (acquirer)

## Sources

- [cdn.financialreports.eu](https://cdn.financialreports.eu/financialreports/media/filings/3598/2019/ISS/3598_iss_2019-04-15_bb833135-555b-480a-850a-da22e6a06dd8.html), 2019-04-15: "Transaksjonen er basert på en verdsettelse av MMCFP som, ved gjennomførelse, er forventet å bidra til en betydelig effekt på Selskapets bokførte egenkapital."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.