On March 10, 2025, Apax Funds, through Nordahl BidCo AB, announced a public offer for shareholders of Norva24 Group AB to tender their shares at a price of SEK 36.50 per share. This offer is contingent upon necessary regulatory approvals and is not available to shareholders in certain jurisdictions, including Australia, Canada, and Japan, among others.
The Bidder has received clearance from the European Commission under the EU Merger Regulation and confirmation that no clearance is required under the Danish Investment Screening Act. However, the completion of the offer remains subject to obtaining all necessary regulatory and governmental approvals deemed acceptable by the Bidder.
The acceptance period for the offer began on March 28, 2025, and will conclude on May 6, 2025, at 15:00 CEST. Settlement is anticipated to start around May 16, 2025. The Bidder retains the right to adjust the acceptance period and settlement date as permitted by law.
Shareholders outside Sweden interested in accepting the offer should consult the relevant legislation and potential tax implications. Detailed information regarding the offer can be found on the transaction website, www.nordahl-bidco.com. For administrative inquiries, shareholders are advised to contact their banks or the registered nominee holding their shares.
This press release, published in both Swedish and English, emphasizes that in case of discrepancies, the Swedish version will take precedence. It also reiterates that the offer is not being made in jurisdictions where it would be prohibited by law, and no related documents should be distributed in those areas.
For media inquiries, Frida Malm from Fogel & Partners can be contacted at +46 730 653 885 or via email at nordahl-bidco@fogelpartners.se. The information was submitted for publication on April 23, 2025, at 17:00 CEST.