Kvalitena Danmark AB made an offer to acquire 83.9% stake in Admiral Capital A/S (CPSE:ADMCAP B) for DKK 50.2 million on January 20, 2015. Kvalitena Danmark AB will acquire class B and class A shares at the price of DKK 1 and 2 respectively. As of February 28, 2015 Kvalitena Danmark AB had received acceptances for 2 million A-shares and 3.69 million B-shares in Admiral Capital. Following the acquisition Kvalitena Danmark would hold shares representing about 25% of Admiral Capital'sshare capital and about 55% of voting rights.

Kvalitena Danmark AB completed the acquisition of additional 9.89% stake in Admiral Capital A/S (CPSE:ADMCAP B) for DKK 7.7 million on March 2, 2015