The IPO of this major real estate company represents one of the largest IPOs on Oslo Børs in recent times. It is also the first privatization in many years.
Entra ASA and the Norwegian Ministry of Trade, Industry and Fisheries announced that they had launched the Offering and that Entra had applied for listing. According to the announcement, the shares of Entra are expected to be admitted to listing and commence conditional trading on Oslo Børs on 17 October 2014.
Entra is a leading owner, manager and developer of office properties in Norway. Entra owns and manages approximately 1.3 million square meters in Oslo and the surrounding region, Bergen, Stavanger and Trondheim. Entra’s property portfolio is approximately NOK 27 billion.