AS Pro Kapital Grupp (TLSE:PKG1T) entered into a preliminary agreement P.K. Sicily Spa for ?12 million on April 26, 2022. With the agreement AS Pro Kapital Grupp reserves its rights to buy 100% of the shares for ?12 million. Pro Kapital initiates legal and financial due diligence. Pro Kapital has time until September 30, 2022, to decide whether to proceed with the transaction or decline. As on October 27, 2022 the legal and financial due diligence has taken longer than expected, the parties have agreed that Pro Kapital has until January, 31 2023 to decide whether to proceed with the transaction or decline.

AS Pro Kapital Grupp (TLSE:PKG1T) cancelled the acquisition of P.K. Sicily Spa on January 24, 2023. Due to the due diligence results and taking into account the current global economic situation Pro Kapital considers that the acquisition is not economically feasible so deal has cancelled.