Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Nordstjernan has divested its holding in the listed Norwegian furniture group Ekornes
August 30, 2018

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.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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