ARCANE ENTER INTO AN AGREEMENT FOR THE SALE OF 100% OF THE SHARES IN TRIJO
Stockholm, 31 August 2022
Arcane Crypto AS, a fully owned subsidiary of Arcane Crypto AB, has entered into an agreement to sell its Swedish crypto exchange, Ijort Invest AB (“Trijo”), to GreenMerc AB (publ).
The transaction is expected to close during the third quarter of 2022 and will not have a material impact on Arcane’s result.
Torbjørn Bull Jenssen, CEO of Arcane Crytpo, said, “With our strategic focus on a pan-European offering, targeting High Net Worth Individuals, Wealth Managers, and the Private Wealth segment, Trijo as a local retail play has become less relevant to Arcane. Selling to Green Merc, secures the continued operation of Trijo, to the benefit of Trijo’s loyal customers, and further focus for Arcane to double down on our core strategy.
Arvid Börje Ramberg, CEO of GreenMerc, says, “We are happy to acquire and continue to operate Trijo. GreenMerc’s self-developed liquidity engine and marketplace provides the basis for developing GreenMerc’s services to deliver maximum customer value. There are strong synergies between Trijo and GreenMerc with no overlapping functions – a perfect match.”
For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
e-mail:
web: investor.arcanecrypto.se
About Arcane Crypto
Arcane Crypto develops the infrastructure and products that enable worldwide adoption of bitcoin and digital assets. Arcane is building a platform for users to learn, trade and invest in digital assets, all from one account. Our market leading research content educates our users and builds trust. Arcane achieves scale by providing a platform with open APIs, allowing third parties to develop their own products using our technology and then distribute their product to our users.
Subscribe to press releases and financial information: https://investor.arcanecrypto.se/
The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: , web: www.mangold.se
The information disclosed in this Interim Report is mandatory for Arcane Crypto AB to publish pursuant to the EUs Market Abuse Regulation (MAR). This information was submitted for publication at 19:50 (CEST) on 31 August 2022, through the agency of the CEO.
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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.
