SalMar ASA (OB:SALM) agreed to acquire additional 37% stake in NTS ASA (OB : NTS) from Helge Gss° for NOK 5.6 billion on August 15, 2022. As of November 24, 2022 bid price changed to NOK 75.48 per share. Helge Gss° will invest the proceeds in new investment company Fr°y Kapital. The transaction is subject to regulatory restrictions in certain jurisdictions. As of October 31, 2022 European Commission approved the deal. It is expected that the Merger will be completed after close of trading on Oslo B°rs on November 7, 2022. Consequently, it is expected that the last day of trading in the NRS shares will be same day. On November 30, 2022 the Offeror has received acceptances under the Offer for 600 shares. Following these acceptances, the Offeror has received acceptances for a total of 3,703 shares and votes in NTS under the Offer. In addition, the Offeror owns a total of 66,235,009 shares in the Company. The Offeror accordingly has an aggregate holding of 66,238,712 shares and rights to shares in NTS, equal to approximately 52.69% of the total number of 125,717,306 issued shares in NTS ASA. As of December 7, 2022 acceptances received under mandatory offer. As of December 12, 2022, the Offeror has received acceptances under the Offer for 1,425 shares. As of December 21, 2022, The offer period has been ended. As of December 14, 2022, SalMar ASA has received acceptances under the Offer for 1,000 shares. The transaction is expected to be completed in Q4 2022.
Arctic Securities AS acted as financial advisor and receiving agent and Advokatfirmaet BAHR AS acted as legal advisor to SalMar ASA. Carnegie AS acted as financial advisor and Wikborg Rein & Co. acted as legal advisor to NTS ASA.
SalMar ASA (OB:SALM) completed the acquisition of additional 37% stake in NTS ASA (OB : NTS) from Helge Gss° on December 21, 2022