XXL NOK 1.6 billion Share Sale, Norway

5 May 2015

To find out more, Contact STJ Advisors

STJ Advisors acted as independent advisor to EQT on the c. NOK 1.6 billion (c. €183 million) sale of its shares in XXL ASA, the largest retailer of sporting goods in the Nordic region, via an accelerated bookbuilding process. The offering priced at NOK80 per share, a tight 3.6% discount to the closing Oslo stock exchange share price of NOK 83, itself an all-time high. The sale was a 38% premium to the NOK 58 price achieved in the company’s Initial Public Offering in October 2014, on which STJ also advised. The amount of shares sold was equivalent to c. 195 times the average daily trading volume.

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