TEL: The Swedish Competition Authority approves Telenor Sverige's acquisition of a controlling stake in Bahnhof
2026-11-02 18:00:00
The Swedish Competition Authority has today approved Telenor Sverige's
acquisition of a controlling stake in Bahnhof AB (publ). Telenor Sverige also
obtained the required foreign direct investment clearance from the Inspectorate
of Strategic Products (ISP) on 20 October 2026. Accordingly, all regulatory
conditions for completion of Telenor Sverige's acquisitions of shares in Bahnhof
from Jon Karlung and Andreas Norman, directly and indirectly through K.N.
Telecom AB, and Investment AB Öresund (the "Acquisitions"), have now been
satisfied.
Next steps
Telenor will now complete the remaining steps towards completion of the
Acquisitions, which comprise 57.5% of the shares and 87.9% of the votes in
Bahnhof and is expected shortly.
Following completion, Telenor Sverige will become the controlling shareholder in
Bahnhof and will be required to make a mandatory cash offer to the remaining
shareholders of Bahnhof. As previously communicated, Telenor Sverige intends to
launch the mandatory cash offer at SEK 62 per share as soon as practicable
following completion.
For further transaction details, please refer to Telenor's stock exchange
announcement of 8 July 2026.
For further information, please contact:
David Fidjeland, Communications Director, mobile +47 934 67 224
Frank Maaø, SVP Capital Markets and Investor Relations, mobile +47 916 74 045
This statement does not constitute or include a public offer under the Stock
Market Self-Regulation Committee's Takeover rules for certain trading platforms
(Sw. Aktiemarknadens självregleringskommittés Takeover-regler för vissa
handelsplattformar).
This information is subject to the disclosure requirements pursuant to section
5-12 of the Securities Trading Act.
t to section\
5-12 of the Securities Trading Act.\