Rex International Holding Limited has announced a proposed acquisition involving Monarch Marine Holding Ltd, which will see Monarch acquire 40% of Xer Sweden shares from Renewable Ventures Nordic AB. The transaction, detailed in a shareholders’ circular dated 13 January 2026, involves the issuance of 13,636,364 new shares in Renewable Ventures Nordic to Monarch as consideration.
The acquisition is structured to ensure that the risks and rewards are proportionate to the equity shares held by both Rex and Monarch in Xer Sweden. Rex’s audit committee has confirmed that the terms of the acquisition are fair and not detrimental to the interests of the company or its minority shareholders.
The acquisition is part of a broader strategy by Rex International to streamline its investments and focus on its core business areas. The move is expected to align the interests of both Rex and Monarch, providing a balanced distribution of risks and rewards based on their respective equity holdings.
The completion of this transaction marks a significant step in Rex’s ongoing efforts to optimise its investment portfolio and enhance shareholder value.
