HNA/HNB- Information from the City of Oslo

 

Hafslund ASA have been informed by the city of Oslo that they will start a process of selling their shares in Hafslund ASA. Pareto Securities have be appointed as financial advisor to the city of Oslo

 

When Viken Energinett AS and Hafslund ASA were merged, the city council gave the city government a power of attorney to sell the shares in Hafslund ASA. The city of Oslo owns a total of 67.524.647 A-shares and 37.342.907 B-shares. This is 53,7% of the total outstanding shares and 58,5% of the votes in Hafslund ASA. A sale of these shares will entail that a buyer will have to give a mandatory offer for all the shares in Hafslund ASA. This will secure the other shareholders the same price as the price the city of Oslo receives for their shares, if they decide to sell.

 

A potential sale will necessitate that the city of Oslo receives the right price for their shares. The sales process may be finalized before the summer

 

 

For further information please contact:

 

CEO Rune Bjerke

+ 47 22 43 57 70

 

CFO Christian Berg,

+ 47 22 43 57 01

+ 47 917 46 910

 

 

Oslo, April 7