ABG Sundal Collier acted as joint bookrunner in connection with the NOK 1,020 million secondary sale of shares in SATS

On Wednesday 26 February 2025, TG Nordic Invest ApS (“TG”), an entity owned by TryghedsGruppen smba, together with SATS Management Invest AS (“SMI”) and HFN Group AS (“HFN”), announced the sale of 33,438,248 shares in SATS ASA (the “Company”), representing ~16.34% of the shares outstanding in the Company.
The transaction was completed as a club deal and priced at NOK 30.50 per share for a total transaction size of NOK 1,020 million. Following the Transaction, TG will hold 20,500,000 shares in the Company, equivalent to 10.01% of the shares outstanding. TG has entered into a customary 90-day lock-up agreement for its remaining shareholding in the Company after the Transaction. SMI and HFN will no longer own any shares in the Company.
ABG Sundal Collier acted as joint bookrunner in the transaction and extends its gratitude to SATS and its shareholders for the repeated vote of confidence.