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Financials

Sweden's SBB makes $3.3 bln bid for Norway real estate firm Entra

OSLO, Nov 24 (Reuters) - Swedish real estate company SBB said on Tuesday it had launched a cash and shares takeover bid for Norway’s Entra ASA valued at 30 billion Norwegian crowns ($3.34 billion).

SBB offered a premium of 14.8% to Entra’s closing share price on Nov. 23, the Swedish company said.

Entra was not immediately available for comment when contacted by Reuters.

$1 = 8.9874 Norwegian crowns Reporting by Terje Solsvik; editing by Jason Neely

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