Altor Accepts Frasers Mandatory Offer for XXL, Divests Shares

Altor accepts the mandatory offer from Frasers Group for XXL and sells 23m A shares and 17m B shares at NOK10/share.

• “Given the current situation and the increasing short-term challenges, Altor has decided to accept Frasers Group’s offer, in line with the Board’s new recommendation,” the private equity firm says in a statement
• Read More: Frasers Group Intends to Make Mandatory Offer for XXL

To contact the reporter on this story:
Stephen Treloar in Oslo at streloar1@bloomberg.net

To contact the editor responsible for this story:
Anton Wilen at awilen@bloomberg.net

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