Castellum launches bid for real estate group Entra
November 27, 2020
Real estate group Castellum has offered to buy Oslo-based peer Entra for 30.8 billion Norwegian kroner (around €2.9 billion) in cash and shares. The 170.86 kroner per share bid represents a premium of 18.9% over its Nov. 23 closing price. Earlier this week, Entra rejected a rival 165 kroner per share offer from real estate group SBB.