EQT Infrastructure targets listed Norwegian transport operator

29 December 2020 - 12:00 am UTC

EQT Infrastructure has made its second move into Scandinavian transport this month, agreeing to acquire Norway’s Torghatten for an enterprise value of nearly eight times 2019 EBITDA. 

The Swedish fund manager said on 23 December that it has through its EQT Infrastructure V fund launched an offer to buy Oslo-listed Torghatten, which operates ferry and bus services across Norway, in a deal that values its total equity at NOK 8.58bn (EUR 813m).   

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