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    ENTRA   NO0010716418

ENTRA ASA

(ENTRA)
  Report
Real-time Quote. Real-time Oslo Bors - 06/18 10:26:22 am
199.5 NOK   +0.10%
04:34aENTRA  : To Buy Norwegian Office Asset For $35 Million
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03:01aENTRA  : Acquires property in Bergen
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06/16ENTRA  : Reopens Eight-Year Green Bond Issue
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Norway cuts Entra stake in $371 million share sale

12/03/2019 | 02:55am EDT

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 -0.46% 8.6 Real-time Quote.35.42%
BYD COMPANY LIMITED 4.22% 232.4 End-of-day quote.14.37%
DNB ASA -1.12% 185.85 Real-time Quote.11.88%
ENTRA ASA 0.10% 199.5 Real-time Quote.2.63%
THE GOLDMAN SACHS GROUP, INC. -2.74% 351.5 Delayed Quote.37.08%
All news about ENTRA ASA
04:34aENTRA  : To Buy Norwegian Office Asset For $35 Million
MT
03:01aENTRA  : Acquires property in Bergen
AQ
06/16ENTRA  : Reopens Eight-Year Green Bond Issue
MT
06/15ENTRA  : 15.06.2021Re-opening of 8 year floating rate green bond issue
PU
06/15ENTRA  : Re-opening of 8 year floating rate green bond issue
AQ
06/14SBB Sells Stake in Entra to Castellum After Failed Takeover Attempt
MT
06/14CASTELLUM  : acquires an additional 8.2% of the shares in Entra
AQ
06/14ENTRA  : SBB sells its holding in Entra for NOK 3,139m and stops the plans for s..
AQ
06/14SAMHÄLLSBYGGNADSBOLAGET I NORDEN  : SBB sells its holding in Entra for NOK 3,139..
AQ
06/14ENTRA  : Substantial shareholding disclosure in Entra ASA
AQ
More news
Financials
Sales 2021 2 406 M 277 M 277 M
Net income 2021 1 654 M 191 M 191 M
Net Debt 2021 23 085 M 2 661 M 2 661 M
P/E ratio 2021 22,6x
Yield 2021 2,55%
Capitalization 36 284 M 4 172 M 4 183 M
EV / Sales 2021 24,7x
EV / Sales 2022 23,2x
Nbr of Employees 186
Free-Float 51,1%
Chart ENTRA ASA
Duration : Period :
Entra ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENTRA ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 191,83 NOK
Last Close Price 199,30 NOK
Spread / Highest target 2,86%
Spread / Average Target -3,75%
Spread / Lowest Target -14,7%
EPS Revisions
Managers and Directors
NameTitle
Sonja Horn Chief Executive Officer
Anders Landro Olstad Chief Financial Officer
Siri Beate Hatlen Chairman
Kjetil Hoff Chief Operating Officer
Tore Lia Head-Finance & Investments
Sector and Competitors