Mercell Holding AS has recently announced the successful private placement of 126 million shares at a price per share of NOK 6.75 per share, corresponding to a total transaction size of NOK 850 million. The private placement consisted of a sale of new shares for total proceeds of approximately NOK 450 million and a sale of existing shares from a consortium of the largest existing shareholders for total proceeds of approximately NOK 400 million.
The private placement attracted very strong interest from Norwegian, Nordic and international high-quality institutional investors and was significantly oversubscribed. In connection with the private placement, Mercell Holding has also applied for a listing of its shares on Merkur Market, with expected first day of trading on or about 9 July 2020.
CLP congratulates Mercell Holding on the successful transaction!