ABGSC acted as Joint Bookrunner in the NOK 3,399m secondary sale of shares in Entra ASA by the Norwegian State, represented by the Ministry of Trade, Industry and Fisheries

The Norwegian State, represented by the Ministry of Trade, Industry and Fisheries (the “NMTIF”), today announced the sale of ~25.6m shares in Entra ASA (“Entra” or the “Company”) at a price of NOK 133.00 per share, yielding gross proceeds of NOK 3.4bn (the “Placement”). The Placement, which represented 14.0% of the Company, was conducted as an accelerated bookbuilding process after close of markets in Oslo yesterday. Following the Placement, the NMTIF owns 15,000,000 shares in Entra, representing 8.2% of the outstanding share capital in the Company.
Including the IPO in 2014, this is the fourth consecutive time ABG Sundal Collier has acted as joint global coordinator and joint bookrunner for the NMTIF in Entra.