BKK AS (“BKK”) announced today a sale of ~15.67 million shares in Fjordkraft Holding ASA (”Fjordkraft”) at a price of NOK 42.50 per share yielding gross proceeds of NOK 666 million. The sale was conducted as an accelerated bookbuilding process. BKK retains a 15.25% shareholding in Fjordkraft after the placing. BKK has entered into a customary 90 days lock-up on shares held following the sale.
About Fjordkraft Holding ASA
Fjordkraft is the number one brand for electricity retailing in the Norwegian consumer market and the number two brand in the business market. The Company supplies electricity to an estimated more than 1.4 million people through ca. 605,000 delivery points in households, businesses and public entities across Norway. Fjordkraft's vision is to supply electricity to more than two million people and to be Norway's most attractive electricity retailer for its customers, employees and shareholders.