On 10 February 2025, Constantinsborg A/S (indirectly owned and controlled by Heartland A/S) (“Heartland”) announced the decision to submit a voluntary cash offer for all shares in FirstFarms A/S (“FirstFarms”), offering a consideration of DKK 84.0 per FirstFarms share (the “Offer”). The Offer values the share capital of FirstFarms at DKK ~1,030m.
ABG Sundal Collier acted as exclusive financial advisor to FirstFarms and its Board of Directors (the “Board”) in evaluating the Offer. The result of this evaluation was announced in a statement by the Board on 17 March 2025, concluding that the Offer is inadequate from a financial point of view to the shareholders of FirstFarms.
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