M&A Activity • Mar 11, 2016
M&A Activity
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Entra ASA : Sale of the remaining part of the Ringstabekk project in Bærum
Entra has sold approximately 5,570 sqm of commercial premises and the eight
remaining apartments at Ringstabekk in Bærum. The transaction is based on a
property value of NOK 114 million, which is close to current book values in
Entra. The transaction is structured as sale of shares in the company
Ringstabekk AS. Closing will take place on 6 April 2016 at the latest.
The sale is in accordance with Entra's strategy of growth in the largest cities
and to divest non-core assets.
Oslo, 11 March 2016
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#1993585]
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