Arctic Securities acted as Joint Bookrunner in relation to the Private Placement in Borgestad ASA. Through the Offering, Borgestad raised gross proceeds of NOK 100 million, which will be used to strengthen the company's strategic priority areas and to repay existing debt.
Borgestad ASA has business activities in urban estate premises and is a leading company in the refractory industry in Scandinavia. Borgestad's real estate activities involves the operation and development of projects in Norway and Poland, of which the shopping center Agora Bytom in Poland, is the company's main investment.
We are grateful for vote of confidence and congratulate on the successful transaction!