Hafslund - The Board of Directors recommends not to accept the announced offer from the City of Oslo
The Board of Directors of Hafslund ASA has in a preliminary statement advised the shareholders not to accept the announced offer from the City of Oslo. The estimated value in the independent valuation from SpareBank 1 Markets is significantly higher than the offer price of NOK 96.75 per share.On 26 April 2017, it was announced that the City of Oslo and Fortum had entered into a transaction agreement whereby the City of Oslo would put forward a voluntary offer to purchase all of the shares in Hafslund ASA, subject to certain conditions, including the approval of Oslo City Council. On 14 June