Norway's Entra to buy rival property firm Oslo Areal for $1.5 bln

Fastighets AB Balder

03/12/2021 07:36

OSLO, Dec 3 (Reuters) - Norwegian real estate firm Entra
 ENTRA.OL  said on Friday it had agreed to buy rival Oslo Areal
for 13.55 billion Norwegian crowns ($1.48 billion), in the
latest case of consolidation in the Nordic real estate sector.
    Oslo Areal's joint owners, Norwegian insurer Gjensidige
 GJFS.OL  and Swedish pension provider AMF Pensionsforsakring,
in late October said they were contemplating a sale of the firm,
of which they each own 50%.    
($1 = 9.1395 Norwegian crowns)

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))