February 13, 2025 09:36 GMT
REAL ESTATE: Castellum (CASTSS: Baa3 pos): Entra
REAL ESTATE
Mandatory Takeover of Entra
- Castellum now owns >1/3 of Entra and is obliged to make a mandatory takeover offer
- Will offer NOK 110.4/share
- Balder controls 39.98% and will NOT accept
- Given that Entra's share price is 111.0, I can't see Castellum being successful in buying many more shares.
- ENTRA Market Cap is NOK 20.2bn (EUR 1.72bn) of which NOK 5.4bn (EUR 464m) would be available
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