Norvik Hf (“Norvik”) sells 17 million shares in Bergs Timber AB (publ) (“Bergs”) to a number of institutional investors
In May 2018, Norvik became the largest shareholder in Bergs (BRG B) as a result of Bergs acquisition of Norvik’s businesses in the Baltics and the UK. Bergs today has a revenue of about SEK 3 billion with strong result and financial position. Bergs has a decentralised business model and presented a new strategy in early 2021 with a clear ambition for growth through investments and acquisitions.In 2018, Norvik declared the intention to reduce its shareholding in Bergs to increase the free float and widen the ownership structure. Norvik has investigated the capital market and there has been a