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Telenor to sell minority share in Bravida

Press release
Fornebu
2 minute read
Press Release
On Monday 30 October, Telenor and the other principal shareholders in Bravida ASA and Trition entered into an agreement that Triton shall acquire full ownership of Bravida. Telenor holds a 46,9 per cent ownership interest in Bravida, which offers piping, electricity and ventilation services.


The sale of this minority share is made in accordance with Telenor's strategy to divest business operations that fall outside the scope of Telenor's core activities. Ever since the company was established up in 2000, Bravida's operations have not been part of Telenor's core activities. In 2004, Bravida sold its subsidiaries IKT, Telekom and Geomatikk. Since then, the company has not supplied any services related to IT or telecommunications.

The transaction is subject to approval from regulatory authorities in Norway and Sweden.

About Bravida
Bravida is one of the leading providers of installation services in the Nordic region with 8,000 employees and approximately 200 offices in Norway, Sweden and Denmark. The company has 1,400 employees in Norway. Bravida offers piping, electricity and ventilation services. For more information, see www.bravida.com .

About Triton
Triton is a leading European Private Equity company with offices in Germany, England and Sweden. For more information, see www.triton-partners.org .


Contact

Telenor: Scott Engebrigtsen
Head of Information
scott@telenor.com , Tel: +47 90 04 34 84

Bravida: Torbjörn Torell, CEO, Tel: +46 8695 2210