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The latest update is out from Olav Thon Eiendomsselskap ASA ( (GB:0FHP) ).
Thon Gruppen AS has strengthened its control over Norwegian property group Olav Thon Eiendomsselskap ASA through a voluntary cash offer of NOK 335 per share, having so far secured acceptances for 26.8 million shares, or about 26.4% of the company. Combined with its existing 67.67% stake, Thon Gruppen is on track to hold roughly 94% of the outstanding shares and voting rights following settlement, significantly increasing its ability to influence corporate decisions and potentially paving the way for further ownership consolidation measures affecting remaining minority shareholders.
More about Olav Thon Eiendomsselskap ASA
Olav Thon Eiendomsselskap ASA is a Norwegian real estate company focused on owning, developing and managing commercial properties, including shopping centres and other income-producing real estate, primarily in Norway and the Nordic region. The company plays a significant role in the Scandinavian property market through its large portfolio of retail and office assets.
Average Trading Volume: 50,010
Current Market Cap: NOK33.69B
Find detailed analytics on 0FHP stock on TipRanks’ Stock Analysis page.