The Norwegian State, represented by the Ministry of Trade, Industry and Fisheries (the “NMTIF”) today announced a sale of ~20.3m shares in Entra ASA (the “Company” or “Entra”) at a price of NOK 123.5 per share yielding gross proceeds of NOK 2,504m. The sale was conducted as an accelerated bookbuilding process. The number of shares in the placing represented one third of NMTIF’s 33.4% ownership in Entra prior to the sell-down.
This is the third time ABG Sundal Collier has acted as Joint Bookrunner for NMTIF in Entra.
Entra is one of Norway’s leading real estate companies, and an industry leader in developing and managing energy efficient buildings. The Company is focused on offering office premises close to public transportation hubs in the four largest cities in Norway: Oslo and the surrounding region, Bergen, Stavanger and Trondheim.