Nordstjernan AB has confirmed, through pre-acceptance, that the company is divesting its holding in the Norwegian furniture group Ekornes ASA to a Chinese consortium under the management of the Chinese furniture company Qumei Home Furnishings Group Co. Ltd., provided that the transaction is completed. At the end of the acceptance period, Qumei’s offer had the support of 98 percent of the shares in Ekornes. On August 29, 2018, Nordstjernan sold its entire ownership share of 17.2 percent in Ekornes to Qumei. The offer for all the shares in Ekornes was equivalent to a value of NOK 5.1 billion.
