NPRO: Takeover of Martin Linges vei 33 at Fornebu
Norwegian Property’s (NPRO’s) subsidiary, NPRO Holding AS, has taken over all shares in ML 33 Holding II AS as of 18 March 2024, which indirectly owns the shares in the company that owns the property Martin Linges vei 33 at Fornebu (the "Property"). The shares have been taken over for NOK 1. NPRO Holding is 100% holder of junior bond loan extended to one of the Property's holding companies. Former shareholder has tried to raise new capital to repair covenant breaches in loan agreements to the Property’s holding companies. There have also been attempts to divest the Property’s holding