SVG Property AS entered into an agreement to acquire a 50% stake in Hinna Park Eiendom As from Entra ASA (OB:ENTRA) for approximately NOK 960 million on January 5, 2022. Total transaction value for Entra is estimated to NOK 963 million, which is 16% above the book values as of September 30, 2021. At settlement Entra will receive 15% of the shares in SVG Property, NOK 64 million through a seller credit and a smaller cash consideration.

SVG Property AS completed the acquisition of 50% stake in Hinna Park Eiendom As from Entra ASA (OB:ENTRA) on January 20, 2022.