Pioneer Property Group ASA

M&A Activity • May 23, 2022

Pioneer Property Group ASA has entered into an agreement regarding the sale of its shares in Odin Bidco AS

Pioneer Property Group ASA has entered into an agreement regarding the sale of its shares in Odin Bidco AS

Pioneer Property Group ASA ("PPG") has today entered into an agreement with the other existing shareholders in Odin Bidco AS (the "Buyers")regarding the sale of all of the shares owned by PPG in Odin Bidco AS (the "Shares") to the Buyers. Closing of the transaction is expected to take place ultimo May 2022, and in no event later than 30 June 2022. The agreed purchase price for the Shares is NOK 372,069,070.

For further information, please contact:

Øystein Grini, CFO

+47 46296719

IR@pioneerproperty.no