We are pleased to announce that HVS Invest has resolved to carry out a compulsory acquisition of all outstanding shares in Grenland Group ASA (GGG). HVS Invest will as a consequence of this assume all shares in GGG and will subsequently seek a de-listing of the shares from the Oslo Stock Exchange.
In November 2010, the Fund acquired all the shares in HVS Invest held by the co-investor Skogen Invest, taking the Fund’s ownership in GGG to just above 75%. Following this transaction, an equity issue and a compulsory offer for the remaining shares was made, bringing the ownership above 90%. The final phase in the acquisition of GGG has just been completed – acquiring all outstanding shares and taking the company private.