Castellum updates the expected synergies amount from a combination with Entra, following the recent report from Moody’s
On 26 November 2020 Castellum Aktiebolag (publ) (“Castellum”) announced the intention to launch a share exchange and cash offer to Entra ASA’s (“Entra”) shareholders (the “Offer”). Following the report from Moody’s on the positive credit impact and long-term benefits of a combination with Entra, Castellum has updated the calculation of expected synergies from the combinationCastellum’s Offer represents in excess of NOK 185 per Entra share and a superior proposition for all stakeholders · Total synergies of at least SEK 300 million per year including SEK 150 million of cost synergies