HitecVision and Skogen Investering announce voluntary offer for all shares of OSE-listed Grenland Group ASA for a total of NOK 347 million.
HitecVision and Skogen Investering wish to strengthen and further develop the oil service company Grenland Group ASA through a joint ownership company, HVS Invest AS. HVS aims to acquire 100 per cent of the shares in Grenland Group.
HVS Invest today announced a voluntary cash offer to the shareholders in Grenland Group of NOK 13 per share. The price is 31 per cent above the last closing price on the Oslo Stock Exchange and 33 per cent above the average volume weighted share price during the last three months. The offer values Grenland Group at NOK 347 million.
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