Goldman Sachs Asset Management, L.P. made a bid to acquire remaining 27.88% stake in Frøy ASA (OB:FROY) for NOK 1.8 billion on August 16, 2023. The offer per share for Frøy share is NOK 76.50 in cash. Frøy Offer period starts from August 17, 2023, to September 14, 2023. The transaction is subject to regulatory restrictions in certain jurisdictions.

DNB Markets, a part of DNB Bank ASA, is acting as financial advisor and Advokatfirmaet BAHR AS is acting as legal advisor to Frøy ASA. Nordea Corporate Finance, part of Nordea Bank Abp, filial i Norge and RBC Capital Markets are acting as financial advisors and Advokatfirmaet Thommessen AS and Linklaters LLP are acting as legal advisors to the Goldman Sachs Asset Management. Sullivan & Cromwell LLP is acting as competition and FDI law advisor, to the Offeror.