October 28, 2021 | Real Estate | Europe | Ended
Swedish real estate firm Balder announced on 12-Oct-21 that it will present a mandatory offer to buy Norwegian peer Entra, after raising its stake to 33.67%. Balder said it will launch the mandatory offer, to buy the remaining shares at a minimum NOK 202.5 per share, within the next four weeks (by 9-Nov-21). This is in line with the highest price it paid for a share in the latest stake acquisition. The acquirer said it prefers that Entra continues to be listed in Oslo while it increases its ownership interest. Balder’s announcement was light on specifics, but we spoke to the company to gather a few incremental details. First, no antitrust approvals are needed since Balder has not ...
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