Oslo beats Aberdeen’s hotel bid

21 September 2007

Oslo Properties, a joint venture comprising Norwegian Property and Scandic Hotels, has beaten Aberdeen Property Investors to take over Norwegian hotel chain Norgani. Oslo Properties offered NKr91 (£8.10) a share, valuing the chain at around NKr3.6bn (£320m) and trumping Aberdeen’s offer of NKr88.5 (£7.88) a share.

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