STOREBRAND ASA – Bid acceptance received

Storebrand ASA ("Storebrand" or “the company”) has received acceptance on its bid to acquire 100% of the shares in the company Lysaker Park Eiendom AS.  

Lysaker Park Eiendom AS owns the real estate property Professor Kohts vei 9, where Storebrand is currently headquartered. The purpose of the transaction is to settle a long-term headquarter solution for the company that is beneficial to shareholders and the organization when the current leasing agreement expires in 2027. The transaction is pending due diligence, completion of share purchase agreement and board approval.

The potential transaction is expected to have a non-material effect on Storebrand's cash results, solvency position and capital distribution to shareholders.

Lysaker, 31 May 2024

For further inquiries, please contact:

Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569

Stig-Øyvind Blystad, Director of Communications:
stig-oyvind.blystad@storebrand.no or (+47) 918 47 226