Norwegian Property has released key figures from its Q3 results early in the light of Geveran Trading's takeover bid.
Geveran Trading made a mandatory offer in September to acquire all issued and outstanding shares in Norwegian after increasing its shareholding to more than 50% of the business.
The acceptance period for the offer concludes on October 20.
Norwegian's board today released unaudited P&L figures for the quarter, announcing that its profit before tax was NOK 260.7 mln, representing a profit of NOK 195.7 mln.
Geveran Trading, an investment company controlled by billionaire John Fredriksen (pictured), first mooted a Norwegian Property takeover in 2014.
It increased its shareholding in the business to 53.51% in September of this year when Fredriksen bought 28.78 million shares at NOK 10.80, the highest price paid for shares in Norwegian Property since April 2015.
