Reference is made to the press release made on 7 January 2021 whereby Castellum launched a conditional voluntary exchange and cash offer to acquire all outstanding shares in Entra ASA, pursuant to an offer document dated 7 January 2021.
The acceptance period for the offer expired on 6 February 2021 at 06:00 CET. Castellum has not received sufficient acceptances of the offer in order for the minimum acceptance threshold pursuant to the Offer Document Section 4.12 (Conditions for completion of the Offer) to be met. Castellum has therefore decided to withdraw the Offer. Shareholders who have accepted the Offer are thereby released from their obligations under the Offer and all blockings of Entra shares tendered in the Offer will be released.
“Castellum's ambition to develop the Nordic platform in offices and logistics remains. The company currently has one of the Nordic region's strongest balance sheets with a loan-to-value ratio of approximately 40% after the divestment to Blackstone and will continue to acquire and develop new projects where Castellum has ongoing projects for approximately SEK 4.7 billion”, says Henrik Saxborn, CEO of Castellum.