Wilh. Wilhelmsen increases Treasure ASA stake to 97%, offers cash to remaining shareholders

Wilh. Wilhelmsen Holding ASA (WWH ASA) significantly increased its shareholding in Treasure ASA by purchasing 26,640,616 shares at NOK 39.50 per share on November 28, 2025, totaling NOK 1,052 million. This transaction boosts WWH ASA's ownership to 198,940,196 shares, representing approximately 97.18% of Treasure ASA's issued shares. The transaction was facilitated by Thomas Berg, Finnema, and Christian Berg.

Following this acquisition, WWH ASA is extending a cash offer of NOK 39.50 per share to Treasure ASA's remaining shareholders. Arctic Securities has been appointed as the sole manager for the offer, which is open until Thursday, December 4, 2025, at 16:30 CET.

Thomas Wilhelmsen, chairman of Treasure ASA’s board of directors, and Christian Berg, a board member, are closely associated with Wilh. Wilhelmsen Holding ASA.