Castellum acquires an additional 8.2% of the shares in Entra
Castellum has acquired 14,947,109 shares in Entra ASA at a price of 210 NOK per share, bringing its total holdings to 33,172,109 shares, equivalent to 18.2% of Entra's share capital. This strategic acquisition aligns with Castellum's goal to strengthen its position in the Nordic real estate market, leveraging Entra's high-quality portfolio and solid financial standing. The move is expected to foster future growth by enhancing Castellum's exposure in Norway's real estate sector.
- Acquisition of 14,947,109 shares enhances Castellum's presence in the Norwegian real estate market.
- Entra possesses a strong portfolio and customer base, providing growth opportunities for Castellum.
- Strategic alignment with Castellum's goal to expand in Nordic real estate, potentially driving future revenue growth.
- None.
GÖTEBORG, Sweden, June 14, 2021 /PRNewswire/ -- Castellum AB (publ) ("Castellum") has acquired 14,947,109 shares in Entra ASA ("Entra") on June 14, 2021, for a per-share price of 210 NOK from Samhällsbyggnadsbolaget i Norden AB (publ). Following the acquisition, Castellum holds 33,172,109 shares – corresponding to 18.2 % of Entra's shares and votes.
The acquisition is an effective way for Castellum to achieve desired access to the Norwegian real estate market, and the move is totally in line with the company's strategy to be a leading real estate owner and investor in the Nordic real estate market.
"Entra is a solid investment in the form of a unique, high-quality real estate portfolio with good geographical exposure, a very interesting project portfolio and a large public service customer base, as well as a strong balance sheet. In short, the precise conditions required to create future growth," says Henrik Saxborn, CEO at Castellum.
For more information, please contact:
Henrik Saxborn, CEO, Castellum AB, +46 706-94 74 50
Ulrika Danielsson, CFO Castellum AB, +46 706-47 12 61
This information is information that Castellum AB is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above at 13:00 CET on 14 June 2021.
About Castellum
Castellum is one of the Nordic region's largest listed real estate companies with a property value of approximately SEK 96 billion. We are active in 14 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work in our premises. We develop flexible workplaces and logistics solutions with a lettable area of 3.8 million square meters. One of our sustainability goals is to be entirely climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Large Cap.
Beyond expectations.
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SOURCE Castellum
FAQ
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