Olav Thon Eiendomsselskap ASA (OLT) and Coop Norge Eiendom AS (CNE) have since
2007 owned the property company Amco Eiendom AS (Amco) with 50% each. The
company owns 8 wholly and partially owned shopping centers in Norway.
In connection with a restructuring of Amco, an agreement has today been entered
into that OLT will buy up to 100% in the centers Amfi Sogningen and Amfi
Eidsvoll, while CNE will buy up to 100% in the shopping center Amfi Årnes, and
take over Amco's 50 % shares in the respective Amfi Nærbø, Amfi Rørvik and Amfi
Otta.
The shopping centers that OLT will take over have a total property value of MNOK
830, while CNE takes over holdings with a total property value adjusted for
ownership of MNOK 430.
The property values used in the transaction are in line with book values in
OLT's balance sheet as at 30/09/2024.
The transaction is scheduled to take place on 30 December 2024.
After the transaction is completed, Amco will still own the shopping centers
Amfi Elverum and Amfi Fauske.
For Olav Thon Eiendomsselskap ASA
Arne B. Sperre
Executive Vice President Finance