Annuncio • Feb 09

Castellum AB (publ) (OM:CAST) cancelled the acquisition of remaining 91.8% stake in Entra ASA (OB:ENTRA) from Folketrygdfondet and others.

Castellum AB (publ) (OM:CAST) made an offer to acquire remaining 91.8% stake in Entra ASA (OB:ENTRA) from Folketrygdfondet and others for NOK 30.9 billion on November 26, 2020. Under the terms of the transaction, Castellum is offering to each eligible Entra shareholder 13 newly issued Castellum shares for every 20 shares in Entra and NOK 25.68 in cash per share in Entra (base case consideration). As an alternative to the base case consideration, Castellum is offering eligible Entra shareholders a mix & match facility, through which each eligible Entra shareholder is given the possibility to elect, either to receive as much cash consideration as possible (in addition to the default cash consideration of NOK 25.68 per share in Entra) and thus as few newly issued Castellum shares as possible or to receive as many newly issued Castellum shares as possible (in addition to the default share entitlement of 13 newly issued Castellum shares for every 20 shares in Entra) and thus as little cash consideration as possible. Following completion of the Offer, Entra will apply for delisting of its shares on Oslo Bors. As of December 23, 2020, Samhällsbyggnadsbolaget i Norden AB (publ) made a competing offer for Entra ASA. Pursuant to the competing offer, Samhällsbyggnadsbolaget i Norden AB (publ) will acquire Entra ASA for NOK 34.6 billion. As on November 30, 2020, deal terms were revised and offer per share was revised to NOK 185 per share including the capitalized value of synergies. An additional NOK 14 per share will be given to each shareholder in lieu of the synergies. Post-closing, Entra shareholders would own approximately 28.2% per cent of the outstanding shares in the combined company. As of December 18, 2020, Castellum increased offer by 13.9% by offering each eligible Entra shareholder 8 newly issued Castellum shares for every 13 shares in Entra and NOK 54.39 in cash per share in Entra, representing a total value of NOK 1852 per Entra share excluding synergies. Considerattion will be given in 71% stock /29% cash, split with mix-and-match facility. In aggregate, a total of up to 102.8 million Castellum shares will be issued, and a total of up to NOK 9.1 billion will be paid in cash as consideration for Entra shares. In a related transaction, Castellum AB (publ) acquired 8.24% stake in Entra ASA from Nærings- Og Fiskeridepartementet for NOK 2.5 billion on November 26, 2020. The transaction is fully financed by Castellum’s cash on hand and a new bridge facility as well as back up facility arranged by J.P. Morgan Securities plc and Danske Bank. The initial acceptance period in the Offer will commence following publication of the offer document and is expected to last for 20 business days, subject to any amendments by Castellum. The combined company will have a primary listing on Nasdaq Stockholm and is expected to, post-completion of the offer, approval by the Oslo Stock Exchange, approval by the Norwegian Financial Supervisory Authority (as may be the case), and fulfilment of Listing requirements, be listed on the Oslo Stock Exchange to allow the Entra shareholders to keep their existing VPS accounts/securities depository for the holding of the Castellum shares, in the form of depository receipts. Castellum intends to apply for a secondary listing of its shares on Oslo Børs in connection with the offer. The combined company will be led by the Chief Executive Officer of Castellum, Henrik Saxborn. Post-closing, the combined company’s nomination committee is expected to continue to strive to nominate the most competent Board of Directors, also taking into consideration the new ownership structure of the combined company. Castellum’s largest shareholder, Rutger Arnhult, through M2 Asset Management, representing approximately 15% of the issued and outstanding shares in Castellum, has undertaken to vote for approval by an extraordinary general meeting in Castellum, to be held on or around December 21, 2020, of an authorization for the Board of Directors of Castellum to resolve to issue shares to be paid as consideration in the offer. APG Asset Management, Corem Property Group AB and Lannebo Fonder, altogether representing approximately 20% of the issued and outstanding shares in Castellum, have voiced their support for the transaction and their intention to vote for approval by the EGM of an authorization for the Board of Directors of Castellum to resolve to issue shares to be paid as consideration in the Offer. The transaction is subject to customary closing conditions such as valid acceptance of the offer by eligible Entra shareholders of more than 90% of the issued and outstanding shares and voting rights in Entra on a fully diluted basis (including shares in Entra owned by Castellum), approval by an extraordinary general meeting in Castellum scheduled on or around December 21, 2020, regulatory approvals, including by the Oslo Stock Exchange, of the listing and fulfillment of listing conditions, obtaining any required regulatory approval or completion of any waiting periods, no change to the corporate structure or share capital of Entra, no dividends or other distributions to Entra shareholders and no issuance of shares or any financial instruments giving a right to subscribe for shares in Entra and no governmental interference hindering consummation of the offer in accordance with its terms. Castellum reserves the right, in its sole discretion, to waive any of the conditions for completion of the offer. The completion of the offer is not conditioned on financing, due diligence or any antitrust approvals. As on December 1, 2020, Folketrygdfondet has decided to reject bids for Castellum AB. As of January 29, 2021, the board of directors of Entra ASA has considered all aspects of the offer and consequently recommended the shareholders of Entra ASA not to accept the offer. The Government Pension Funds holds an 11.76% stake in Entra and is able to block a bidder from acquiring more than 90% of shares, and thus prevent a compulsory purchase of remaining shares. If the offer is completed and Castellum, as a result of the Offer or otherwise, becomes the owner of Entra Shares representing more than 1/3 of the voting rights, Castellum will be required to make a mandatory cash offer for the remaining Entra Shares, unless Castellum following completion of the offer holds more than 90% of the shares and votes in Entra and within four weeks resolve a compulsory acquisition. The offer price for the mandatory offer must be equal to or higher than, the highest price paid or agreed to be paid. The board has not yet commented on the bid from Castellum AB. The offer is expected to be capable of being completed in Q1 2021. Revised Offer is expected to commence on or around January 8, 2021 and end on or around February 5, 2021. As of January 7, 2021, the offer period is expected to close on February 6, 2021 (subject to extension). The transaction is expected to have a positive financial effect on Entra and Castellum. The combined company is committed to retaining the conservative financial policy approach embedded in Castellum and Entra. The maximum loan-to-value target is expected to be maintained at 50% and it is expected that actual leverage upon completion of the transaction will be materially below this threshold. Danske Bank and J.P. Morgan Securities plc acted as the financial advisors and Mannheimer Swartling Advokatbyrå AB and Advokatfirmaet BAHR AS acted as the legal advisors for Castellum. ABG Sundal Collier acted as the financial advisor for Entra ASA. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Castellum. Castellum AB (publ) (OM:CAST) cancelled the acquisition of remaining 91.8% stake in Entra ASA (OB:ENTRA) from Folketrygdfondet and others on February 8, 2021.

Punteggio fiocco di neve
Valutazione	0/6
Crescita futura	3/6
Prestazioni passate	0/6
Salute finanziaria	0/6
Dividendi	2/6

Prezzi storici delle azioni
Prezzo attuale dell'azione	NOK 9.49
Massimo di 52 settimane	NOK 10.90
Minimo di 52 settimane	NOK 8.80
Beta	1.2
Variazione di 1 mese	2.59%
Variazione a 3 mesi	-2.97%
Variazione di 1 anno	-10.81%
Variazione a 3 anni	10.54%
Variazione a 5 anni	-50.75%
Variazione dall'IPO	12.68%

	2EN	DE Real Estate	DE Mercato
7D	-1.1%	-0.1%	0.7%
1Y	-10.8%	-19.1%	0.6%

2EN volatility
2EN Average Weekly Movement	4.4%
Real Estate Industry Average Movement	4.7%
Market Average Movement	5.4%
10% most volatile stocks in DE Market	12.8%
10% least volatile stocks in DE Market	2.8%

2EN statistiche fondamentali
Capitalizzazione di mercato	€1.75b
Utili (TTM)	-€8.95m
Ricavi(TTM)	€266.39m

2EN Conto economico (TTM)
Ricavi	NOK 2.95b
Costo del fatturato	NOK 284.00m
Profitto lordo	NOK 2.66b
Altre spese	NOK 2.76b
Utili	-NOK 99.00m

Utile per azione (EPS)	-0.55
Margine lordo	90.37%
Margine di profitto netto	-3.36%
Rapporto debito/patrimonio netto	120.8%

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/07/15 21:10
Prezzo dell'azione a fine giornata	2026/07/15 00:00
Utili	2026/06/30
Utili annuali	2025/12/31

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Analista	Istituzione
null null	ABG Sundal Collier
Paul May	Barclays
Erik Granström	Carnegie Investment Bank AB

Entra (2EN) Panoramica del titolo

Premi

Analisi del rischio

Join community and earn perks

Concorrenti di Entra ASA

Grand City Properties

Aroundtown

Deutsche EuroShop

TAG Immobilien

Storia dei prezzi e prestazioni

Notizie e aggiornamenti recenti

Second quarter 2026 earnings released

Entra Asa Announces Non- Standing for Re- Election of Board Members

Entra ASA Announces Semi-Annual Cash Dividend for the First Half of 2025, Payment Date on or Around 30 October 2025

Charlotte Levin Approves Board and Committee Appointments

Entra ASA Announces Resignation of Joacim Sjöberg as Director of the Board and Member of the Nomination Committee

Entra ASA to Report Q1, 2026 Results on Apr 21, 2026

Recent updates

Second quarter 2026 earnings released

Entra Asa Announces Non- Standing for Re- Election of Board Members

Entra ASA Announces Semi-Annual Cash Dividend for the First Half of 2025, Payment Date on or Around 30 October 2025

Charlotte Levin Approves Board and Committee Appointments

Entra ASA Announces Resignation of Joacim Sjöberg as Director of the Board and Member of the Nomination Committee

Entra ASA to Report Q1, 2026 Results on Apr 21, 2026

Entra ASA (OB:ENTRA) commences an Equity Buyback Plan for 500,000 shares, representing 0.27% of its issued share capital, under the authorization approved on April 29, 2025.

Castellum AB (publ) (OM:CAST) completed the acquisition of 0.27% stake in Entra ASA (OB:ENTRA) from Fastighets AB Balder (publ) (OM:BALD B) and other shareholders for NOK 54.4 million.

Castellum AB (publ) (OM:CAST) intends to make a mandatory offer to acquire the remaining 66.67% stake in Entra ASA (OB:ENTRA) from Fastighets AB Balder (publ) (OM:BALD B) and other sharholders for approximately NOK 13.4 billion.

Entra ASA to Report Q2, 2025 Results on Jul 11, 2025

An unknown buyer agreed to acquire Grenseveien 78B from Entra ASA (OB:ENTRA).

Third quarter 2024 earnings released: EPS: kr0.47 (vs kr8.27 loss in 3Q 2023)

Entra ASA, Annual General Meeting, Apr 29, 2025

Entra ASA to Report Q4, 2025 Results on Feb 11, 2026

Second quarter 2024 earnings released: kr0.70 loss per share (vs kr6.95 loss in 2Q 2023)

An undisclosed buyer acquired Hotel Savoy AS from Entra ASA (OB:ENTRA) for approximately NOK 230 million.

First quarter 2024 earnings released

Full year 2023 earnings released: kr29.92 loss per share (vs kr3.48 loss in FY 2022)

Full year 2023 earnings released

Entra Appoints Ole Anton Gulsvik as Chief Financial Officer, Effective at the Latest 1 August 2024

Entra ASA to Report Q3, 2024 Results on Oct 17, 2024

Olstad Announces Resignation of Anders Olstad as CFO

Second quarter 2023 earnings released

Nrep As agreed to acquire two properties in Oslo from Entra ASA (OB:ENTRA) for NOK 1.5 billion.

Upcoming dividend of kr2.50 per share at 4.9% yield

Full year 2022 earnings released: kr3.48 loss per share (vs kr27.81 profit in FY 2021)

Entra ASA Proposes Semi-Annual Dividend, Payable on May 4, 2023

CapMan Nordic Real Estate III the fund managed by CapMan Oyj and CapMan Real Estate Oy entered into an agreement to acquire Sørkedalsveien 6.

Entra ASA to Report Q1, 2023 Results on Apr 25, 2023

Less than half of directors are independent

Third quarter 2022 earnings released

Entra ASA Decides to Pay Out A Semi-Annual Dividend for the First Half of 2022, Payable on or Around 2 November 2022

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Entra ASA Approves Semi-Annual Dividend for the Second Half of 2021, Payable on or About May 3, 2022

Upcoming dividend of kr2.60 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Entra ASA Proposes Semi-Annual Cash Dividend, Payable on May 3, 2022

SVG Property AS entered into an agreement to acquire a 50% stake in Hinna Park Eiendom As from Entra ASA (OB:ENTRA) for approximately NOK 960 million.

Third quarter 2021 earnings released: EPS kr4.95 (vs kr5.44 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of kr2.50 per share

Second quarter 2021 earnings released: EPS kr4.54 (vs kr3.88 in 2Q 2020)

Entra ASA (OB:ENTRA) and Linstow AS acquired remaining 33.3% stake in Oslo S Utvikling AS from Bane NOR Eiendom AS for NOK 950 million.

Entra ASA (OB:ENTRA) signed an agreement to acquire Fyrstikkalléen 1 at Helsfyr in Oslo for NOK 2.4 billion.

Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) acquired 5% stake in Entra ASA (OB:ENTRA).

Entra ASA Signs New Lease Contracts with Volue and WSP for a New-Build Project in Holtermannsveg 1-13 in Trondheim

Entra ASA Announces New Lease Contract in Fredrik Selmers Vei 6 in Oslo

Castellum AB (publ) (OM:CAST) cancelled the acquisition of remaining 91.8% stake in Entra ASA (OB:ENTRA) from Folketrygdfondet and others.

Entra ASA (OB:ENTRA) acquired Lagårdsveien 6 in Stavanger for approximately €130 million.

Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) made an offer to acquire Entra ASA (OB:ENTRA) for NOK 34.6 billion.

Entra ASA Announces New Lease Contract in Schweigaardsgate 15 in Oslo, Planning to Start Redevelopment Project

Castellum AB (publ) (OM:CAST) made an offer to acquire remaining 91.8% stake in Entra ASA (OB:ENTRA) for NOK 28.4 billion.

Castellum AB (publ) (OM:CAST) acquired 8.24% stake in Entra ASA (OB:ENTRA) from Nærings- Og Fiskeridepartementet for NOK 2.5 billion.

Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) cancelled the acquisition of Entra ASA (OB:ENTRA) for NOK 30 billion.

Market bids up stock over the past week

Independent Deputy Chair of the Board recently bought €59k worth of stock

New 90-day low: €10.81

Entra ASA Announces New Lease Contract in Tordenskiolds Gate 12 in Oslo

Third quarter earnings released