ABGSC acted as joint bookrunner in the NOK 991 million secondary sale of shares in Volue AS by Arendal Fossekompani ASA

On 17 February 2021, Arendal Fossekompani ASA (“AFK”) announced the sale of 16.9 million shares in Volue AS (”Volue” or the “Company”) at a price of NOK 58.50 per share yielding gross proceeds of NOK 991 million. The shares were sold to a group of six high quality Nordic and international institutional investors in a process managed by ABG Sundal Collier acting as joint lead manager and bookrunner. After the transaction, AFK owns 91,793,309 shares in Volue, representing 63.9% of the share capital in the Company.
In connection with the Q4 results on 12 February 2021, Volue reiterated the Company’s intention to list on the main list of the Oslo Stock Exchange during H1 2021. From AFK’s point of view, the Placing was an integral part of that process bringing in new high quality investors as shareholders in Volue while at the same time increasing the free float and facilitating further liquidity in the Company’s shares.