ABG Sundal Collier acted as financial advisor to Entra ASA in the evaluation of the NOK 20.1bn mandatory offer to acquire all the shares not already owned by Castellum AB

On Thursday, 13 February 2025, Castellum AB (“Castellum”) announced that it had acquired shares in Entra ASA (“Entra”), and that the acquisition triggered a mandatory offer obligation. Further Castellum announced their intention to put forward such a mandatory offer at NOK 110.4 per shares (the “Offer”) for all the shares not already owned by Castellum. The Offer values the share capital of Entra to approximately NOK 20.1bn.
ABG Sundal Collier acted as financial advisor to Entra 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 Tuesday 11 March 2025, concluding that the Offer is inadequate from a financial point of view and that shareholders are recommended not to accept.