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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Entra ASA    ENTRA   NO0010716418

ENTRA ASA

(ENTRA)
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Norway cuts Entra stake in $371 million share sale

12/03/2019 | 02:55am EST

The Norwegian government sold a 14.1% stake in real estate company Entra for 3.4 billion crowns (289 million pounds), the country's industry ministry said on Tuesday.

Following the sale of shares to around 210 foreign and Norwegian investors, the government's remaining stake now stands at 8.2%.

"Our goal is to boost private ownership in Norway, and the government has long said we will not be a long-term owner of Entra," Industry Minister Torbjørn Roe Isaksen of the ruling Conservative Party said.

The shares were sold at 133 crowns each, a discount of 3.3% to Monday's closing price. The shares have doubled in value however since Entra went public in 2014.

The transaction was managed by ABG Sundal Collier, DNB Markets and Goldman Sachs International.

The government has agreed to a so-called lock-up period of 90-days, during which it will not sell any further Entra shares.

(Reporting by Terje Solsvik, editing by Louise Heavens)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ABG SUNDAL COLLIER HOLDING ASA 1.44% 5.64 Delayed Quote.39.35%
BYD COMPANY LIMITED -3.55% 192.7 End-of-day quote.396.01%
DNB ASA 0.18% 164.1 Delayed Quote.-0.12%
ENTRA ASA -1.98% 168.6 Delayed Quote.18.62%
THE GOLDMAN SACHS GROUP, INC. -1.15% 234.84 Delayed Quote.-0.48%
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Financials
Sales 2020 2 349 M 264 M 264 M
Net income 2020 1 784 M 201 M 201 M
Net Debt 2020 20 773 M 2 339 M 2 339 M
P/E ratio 2020 17,6x
Yield 2020 2,84%
Capitalization 31 327 M 3 507 M 3 527 M
EV / Sales 2020 22,2x
EV / Sales 2021 22,0x
Nbr of Employees 181
Free-Float 90,7%
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Technical analysis trends ENTRA ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 160,00 NOK
Last Close Price 172,00 NOK
Spread / Highest target 1,74%
Spread / Average Target -6,98%
Spread / Lowest Target -12,8%
EPS Revisions
Managers
NameTitle
Sonja Horn Chief Executive Officer
Siri Beate Hatlen Chairman
Kjetil Hoff Chief Operating Officer
Anders Landro Olstad Chief Financial Officer
Kjell Bjordal Vice Chairman
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