Brief: Goldman Sachs Asset Management Agrees To Acquire 72.11% Of Shares In Frøy

SalMar ASA

05/06/2023 06:09

June 5 (Reuters) - Froy ASA  FROY.OL :
    * GOLDMAN SACHS ASSET MANAGEMENT AGREES TO ACQUIRE 72.11% OF
SHARES IN FRØY AT NOK 76.50 PER SHARE AND LAUNCH SUBSEQUENT
MANDATORY OFFER
    * FALCON BIDCO, CO INDIRECTLY WHOLLY OWNED BY INFRASTRUCTURE
FUNDS
MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT, HAS ENTERED INTO
AGREEMENT WITH NTS, WHOLLY OWNED SUBSIDIARY OF SALMAR, FRØY ASA
    * CASH CONSIDERATION OF NOK 76.50 WILL BE PAID PER SHARE IN
SHARE
SALE, AT LEAST SAME CONSIDERATION SHALL BE OFFERED PER SHARE IN
MANDATORY OFFER
    * CONSIDERATION IMPLIES A TOTAL CONSIDERATION FOR ALL SHARES
IN
FRØY OF APPROXIMATELY NOK 6.6 BILLION (BASED ON 86,348,603
SHARES OUTSTANDING AS PER 5 JUNE 2023)
    * IF CONSIDERATION IN MANDATORY OFFER IS INCREASED FROM
CONSIDERATION AGREED IN SHARE SALE, CONSIDERATION TO NTS IN
SHARE SALE SHALL BE INCREASED ACCORDINGLY

Source text for Eikon:  ID:nObiqXw4Pa 
Further company coverage:  FROY.OL 

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