Goldman sachs asset management agrees to acquire 72.11% of the shares in frØy at nok 76.50 per share and launch subsequent mandatory offer

FrØya, 5 june 2023 falcon bidco as (the “offeror”), a company indirectly wholly owned by infrastructure funds managed by goldman sachs asset management, has entered into an agreement (the “transaction agreement”) with nts as (“nts”), a wholly owned subsidiary of salmar asa (“salmar”) (ose ticker: salm), and frØy asa (“frØy” or the “company”) (ose ticker: froy), whereby the offeror on certain terms and conditions will acquire nts' entire ownership stake in frØy, representing approximately 72.11% of the shares in frØy (the “share sale”), and following completion of the share sale make an unconditional mandatory cash offer to acquire all other shares in frØy (the “mandatory offer”, and together with the share sale, the “transaction”). the transaction is the result of the strategic review related to the company announced on 13 january 2023 (the “strategic review”), with focus on maximizing value for the shareholders in frØy.
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