"We prefer that Entra continues as a listed company on the Oslo Stock Exchange. The company is well managed, has an attractive property portfolio and good management that over time will create value for the company's stakeholders. We see Entra as a good long-term investment and do not intend to place a bid for the entire company," says Erik Selin, CEO in Balder.
Entra comments the bid, this morning:
The broad and increasing interest in Entra over recent weeks supports the Board’s previously stated view that Entra is well positioned to create significant shareholder value going forward. The Board would otherwise like to remind shareholders that it has initiated an updated external valuation of the group's portfolio, which is expected to be published later this week.
Shareholders are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company. There can be no certainty that any offer will be made or completed.
The Board will in accordance with statutory law in due time provide a recommendation to the Company's shareholders on whether they should or should not accept the relevant offer(s).