Azrieli Group Ltd (TASE:AZRG) signed an agreement to acquire Green Mountain AS from Smedvig As for approximately NOK 7.6 billion on July 19, 2021. The consideration will be self-financed by Azrieli, including through part of the proceeds from the debt raising that Azrieli is currently performing. Azrieli also plans to obtain a specific loan from a financial body, in connection with the transaction, for up to 50% of the consideration. Green Mountain AS reported revenue of NOK 190.604 million (NIS 71 million) for ended 2020. Deutsche Bank as mandated lead arranger and original lender on the refinancing of the acquisition of the Green Mountain data centerbusiness by Azrieli Group. Global law firm White & Case LLP has advised Deutsche Bank. Rothschild & Co SCA (ENXTPA:ROTH) acted as the financial advisor and Magnus Løvlien Lutnæs, Kaare Oftedal, and Lasse Innleggen of DLA Piper LLP acted as the legal advisors to Azrieli Group in the transaction.

Azrieli Group Ltd (TASE:AZRG) completed the acquisition of Green Mountain AS from Smedvig As for £3 million on August 31, 2021.