Kistos Holdings plc to acquire Vår Energi ASA

Kistos Holdings plc has agreed to acquire specific assets from Vår Energi ASA in a cash transaction. The deal, announced on 14 October 2026, involves a headline offer of 12.9 million US dollars. Kistos Holdings is a United Kingdom based entity, while Vår Energi is a Norwegian company operating in the energy sector. The consideration for this asset sale is entirely cash based. The transaction is currently at the firm intention stage, with no completion date reported. The parties have reached an agreement on the terms, but the process remains pending finalisation. This move represents a significant cross border transaction between the UK and Norway within the energy industry. The specific assets being transferred are not detailed in the available data, but the financial terms are clearly defined. The deal structure is straightforward, involving a direct purchase of assets rather than equity. There are no reported regulatory hurdles or additional conditions mentioned in the current status update. The focus remains on the completion of this asset transfer between the two entities. The transaction highlights the ongoing activity in the energy sector, with UK based buyers acquiring Norwegian assets. The firm intention status indicates that the deal is progressing but not yet concluded. Further updates will be required to confirm the final completion of this asset sale.