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.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article.

Four FREE articles of your choice per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue