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Posted on December 23, 2020
Real estate company SBB raised its takeover bid for Norwegian real estate company Entra after they gained access to further due diligence, which together with a third-party valuation were able to confirm the company’s values. This is what CEO Ilija Batljan tells Di.
“We have very good security in the values and the values that are on Entra’s balance sheet. It is precisely security that has made us see now that we can create value both for SBB and for Entra shareholders who decide to participate in it. This is also why we are increasing the shareholding, so that they have a somewhat greater exposure ”, Batljan comments to the newspaper.
In a new press release, it was announced that Entra’s board is currently evaluating SBB’s offering.
The share price of approximately SEK 6 above the NOK 190 offer level may indicate that shareholders expect the offer to increase.
Tim hansson
[email protected]
Finwire news agency
