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Atea to Sell Stake in Latvian Unit for EUR11 Million

MT Newswires·12/29/2025 02:11:31
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02:11 AM EST, 12/29/2025 (MT Newswires) -- Atea (ATEA.OL) agreed to sell a 51% stake in its Latvian subsidiary to Aries Global for 10.7 million euros. Following the deal, the Norway-listed IT infrastructure supplier will retain a 41% stake in AppXite, according to a Monday release. The subsidiary provides a platform for distributing and reselling subscription-based software and IT services.