Extract from our Nordic M&A Newsletter

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Friheden Invest to make an offer for remaining shares in IC Group
May 20, 2019

Friheden Invest, which is majority-owned by the initial founders of IC Group, has recently acquired a 9% stake from Nordea Asset management, reaching ownership of 75.6%. Friheden invest has now released a public offer to acquire the remaining outstanding shares for DKK 39 per share. The offer corresponds to an EV of 661m and an EV / sales multiple of 0.5x.

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