News
Isklar set for expansion with new investor
Norwegian natural glacial mineral water brand, Isklar, has attracted new investment through the sale of a 50% stake to a global conglomerate, the India-based Siva Group, for $22m.
The transaction creates a 50:50 joint venture between Siva Group and founding shareholders, Sabco Group, a Middle Eastern business group with a premier bottled water brand in Oman, and Jova Holdings, whose owners are also involved in a major Norwegian shipping and logistics company.
“We’re delighted by this investment which reflects continued success for Isklar on the international stage,” said Isklar CEO, Peter Krogh. “The Siva Group has always believed in spotting business opportunities ahead of time so this is a significant vote of confidence in our growing brand.”
Source: Isklar
See also
Latest news
| |