Norway's Opera Software to sell 8 mln new shares

OSLO Thu Nov 7, 2013 10:43am EST

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OSLO Nov 7 (Reuters) - Norway's Opera Software will sell 8 million new shares, equal to 6.5 percent of the existing share capital, raising cash for possible acquisitions, it said on Thursday.

"The offering will comprise of a private placement to institutional investors in Norway and internationally," it said in a statement.

"The purpose of the placement is to increase the company's capital base for current and future strategic acquisition activities and obligations," it added.

The price will be determined through an accelerated book-building process, which will start immediately and end at 0700 GMT on Friday at the latest. (Reporting by Balazs Koranyi)

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