On Wednesday, 20 September 2023, the Board of Self Storage Group ASA (“SSG”) announced an agreement whereby T-C Storage HoldCo AB, an indirect subsidiary of Teachers Insurance and Annuity Association Inc, advised by Nuveen Asset Management Europe S.à.r.l. intend to put forward a voluntary cash offer (the “Offer”) to acquire 100% of the shares in SSG at an offer price of NOK 40 per share (the “Offer Price”). The Offer Price represents a 66.7% premium to the closing price on the Oslo Stock Exchange on 19 September 2023 of NOK 24.0, being the last trading day prior to the announcement. The Offer values the share capital of SSG at NOK 3,787 million and implies an enterprise value of NOK 4,922 million.

Contact

Kenneth Øen

Kenneth Øen

Investment Banking

kenneth.oen@abgsc.no +47 22 01 61 47
Karl Henrik Bredvold

Karl Henrik Bredvold

Investment Banking

Karl.Bredvold@abgsc.no +47 47 88 88 84
Haakon Høiberg

Haakon Høiberg

Investment Banking

Haakon.Hoiberg@abgsc.no +47 22 01 60 44