M&A Activity • Dec 18, 2015
M&A Activity
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Entra ASA : Sale of Strandveien 13 in Tromsø
Entra has sold the property Strandveien 13 in Tromsø to Nordic Investment AS.
The property is 11.560 sqm and the transaction is based on a property value of
NOK 158 million, which is approximately 5 % above current book values in Entra.
The transaction is structured as sale of shares in the company Strandveien 13
AS. Closing will take place in January 2016.
The sale is in accordance with Entra's strategy of growth in the four largest
cities in Norway and to divest non-core assets.
Oslo, 18 December 2015
Entra ASA
For further queries please contact: Arve Regland, CEO Entra ASA, tel:
+47 479 07700, email: [email protected]
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1974709]
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