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Announced

Completed

Incoronato and Virginia completed the acquisition of a 51% stake of Faber Bygg.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Norway

general contractor

Construction Services

Single Bidder

Friendly

Completed

Acquisition

Domestic

Majority

Private

Synopsis

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Incoronato, a contractor services, and Virginia, a Stavanger-based family office, completed the acquisition of a 51% stake of Faber Bygg, a general contractor. Financial terms were not disclosed. "The entry of the new owners into Faber Bygg marks a new era for the company and will contribute to accelerating our growth and development. We look forward to continuing to deliver innovative and sustainable solutions to our customers and partners. It is extra nice that Faber Bygg is still owned by local forces," Jan Arild Wathne, Faber Bygg Managing Director.

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