Ferry

EQT Infrastructure submits offer to acquire all outstanding shares in Norway’s Torghatten

Baird Maritime

EQT Infrastructure V fund, through HATI BidCo, has launched an offer to acquire all outstanding shares in Norwegian air, sea, and land transport company Torghatten through a voluntary cash offer.

The transaction also encompasses Torghatten's fleet of car ferries and express boats. The offer from HATI BidCO is at NOK175 (US$20.55) in cash per share in Torghatten, excluding the latter's airline segment.

The board of directors of Torghatten has unanimously decided to recommend that Torghatten's shareholders accept the offer, and the offeror has entered into agreements on certain terms to acquire shares from Torghatten's largest shareholders, which represent approximately 53.62 per cent of the total issued and outstanding shares of the company.

The offer period is expected to last until February 9, 2021.