Eg Norge A/S contemplates launching a voluntary cash offer to acquire Carasent ASA (OB:CARA) for NOK 1.4 billion on April 29, 2024. Offer price per share is NOK 20. The transaction is subject to subject to customary conditions, including acceptance level and any regulatory approvals required.

The Offer has already received strong support from key shareholders representing 34% of the share capital of Carasent. Launch of the Offer is subject to, inter alia, a customary confirmatory due diligence of key commercial, financial, technical and legal aspects of Carasent with a focus on confirming key assumptions. The board of directors advises all shareholders to monitor the situation but not take any action in respect of the offer which may be made by EG until shareholders can assess the merits of such offer on the basis of further developments.

Carasent has engaged DNB Markets and BAHR to advise it in respect of the interest by EG and others. Carnegie AS acted as financial advisor and Arntzen de Besche acted as legal advisor to Eg Norge.