Fjordkraft Holding ASA (”Fjordkraft”) announced Wednesday 21 March the successful completion of its initial public offering (the “Offering”) with trading on Oslo Børs from 21 March. The Offering consisted of the sale of 39,186,081 existing shares from the three shareholders BKK AS, Skagerak Energi AS and Statkraft Industrial Holding AS. In addition, an additional 5,877,912 shares were over-allotted. The price in the Offering was set at NOK 31 per share, the top-end of the indicative price interval of NOK 28-31 per share, corresponding to a market value of Fjordkraft after the Offering of NOK 3,239 million.
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