By Reuters Staff
2 Min Read
OSLO, Dec 17 (Reuters) - Swedish real estate firm Balder said on Thursday it had raised its stake in Norway’s Entra to 15% from 10%, escalating a battle over the future of the Oslo-listed property company.
Swedish competitors SBB and Castellum are both seeking to buy Entra, while Balder, which made its first investment in the Norwegian firm on Dec. 7, has said it does not plan a full takeover.
The fight over Entra, Norway’s largest listed real estate firm, broke out on Nov. 24 when SBB launched an unsolicited cash and shares offer valued at 30 billion Norwegian crowns ($3.5 billion).