Financial District

Entra moving towards an IPO

According to a press release today from the Ministry of Trade, Industry and Fisheries, the Ministry has decided to commence a privatisation process of Entra. It has been decided that the privatisation can take place without properties being separated out from Entra.

 Entra, one of Norway’s leading property companies, is engaged in the development, letting, management, operation, sale and purchase of real estate in Norway. Currently the company is state owned through the Ministry of Trade and Industry. The Entra Group manages roughly one million square metres of floor space and represents a property value of NOK 23 billion.

 ”Entra is well prepared and looks forward to contributing to the implementation of this process in the best possible manner. I am convinced that the company’s strong market position, organisation and development opportunities will provide the best basis for a successful privatisation,” comments Siri Hatlen, Chair of Entra.

The Author

Klaus Henrik Wiese-Hansen
Klaus Henrik Wiese-Hansen Klaus Henrik Wiese-Hansen is a partner at Steenstrup Stordrange’s office in Oslo, and is a member of the M&A and Corporate Practice as well as the Banking and Finance group. He has 14 years' experience in all aspects of financial markets legislation and asset management, including Private Equity, Investment Fund Management, Securities Legislation, Banking and Finance, Insurance, and M&A with respect to these areas. He has advised numerous Norwegian and foreign institutional clients in all aspects of their businesses relating to the aforementioned legal areas.

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