On Wednesday March 30, 2016 Eksportfinans ASA signed a contract with Genesta regarding the sale of its office property in Dronning Mauds gate 15 in central Oslo. The sale is a part of Eksportfinans’ long term strategy to focus on its core business. Eksportfinans will continue its operations at its current address through a lease agreement with Genesta.
Through its wholly owned subsidiary Eiendomsselskapet Dronning Mauds gate 15 AS, Eksportfinans owned 68.3 percent of a 9,400 sqm office building in Dronning Mauds gate 15 in central Oslo. In October 2015, its section of Dronning Mauds gate 15 was listed for sale. On Wednesday March 30, 2016 the sale process was concluded by signing a contract with Genesta on behalf of Genesta Nordic Real Estate Fund II. Genesta is a fund and investment manager that specializes in commercial real estate in the four Nordic countries with offices in Stockholm, Helsinki, Copenhagen and Luxembourg.
Facts about Eksportfinans ASA
Eksportfinans manages a solid portfolio of loans to the Norwegian export industry and foreign buyers of Norwegian capital goods. The loans are guaranteed by GIEK (The Norwegian Guarantee Institute for Export Credits) and/or banks. The company also manages a substantial portfolio of international securities. The business is funded through bonds and commercial paper issued in the international capital markets. Eksportfinans was established in 1962 and is owned by banks operating in Norway and the Ministry of Trade, Industry and Fisheries on behalf of the Norwegian government. Entering 2016 total assets amounted to approximately NOK 65 billion. The company is staffed by highly skilled individuals and is located in Dronning Maud’s gate (Vika) in central Oslo.
Some of the information herein constitutes "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside of Eksportfinans' control, which may cause actual results to differ materially from any future results expressed or implied from the forward-looking statements. As a result, any forward-looking statements included herein should not be regarded as a representation that the plans, objectives, results or other actions discussed will be achieved. Please see the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission for a discussion of certain factors that may cause actual results, performance or events to be materially different from those referred to herein. Eksportfinans disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.