Thon Gruppen launches cash offer for Olav Thon Eiendomsselskap shares

Thon Gruppen has formally launched its voluntary cash tender offer to acquire all outstanding shares of Olav Thon Eiendomsselskap. The offer price is set at NOK 335 per share, approved by the Norwegian Financial Supervisory Authority on December 3, 2025. This price represents a 23% premium to the closing trading price on November 11, 2025, and a 7% premium to the all-time high closing share price on August 13, 2025.

The acceptance period for the offer began on December 4, 2025, at 09:00 CET, and is scheduled to expire on December 18, 2025, at 16:30 CET. This period may be extended at the offeror's discretion, but will not exceed February 12, 2026. The offer document, detailing terms and conditions, is being sent to shareholders and is also available via ABG Sundal Collier ASA, the receiving agent.

Thon Gruppen, directly owned by Olav Thon Stiftelsen, already holds approximately 75.4% of the shares in Olav Thon Eiendomsselskap, together with its sister company Investhon AS. Additionally, pre-acceptances from certain shareholders account for a further 6.7% of the shares.