Advised on Sale of Shares in Daughter Company

Building Products & Services

Vegard Holmen Holding AS / Storgata 74 AS

Investment companies Norway

Acquired 40% of Business Operations (MBO)

Ferrometall AS

Wholesaler of steel and metals Norway

Advised Ferrometall on the sale of a 40% ownership stake in Ferrometall AS

Advised Ferrometall cofounder and his family owned holding company Leadenhall Metals Holding on the sale of a 40% ownership stake in Ferrometall AS to the company’s management. Ferrometall AS is a Norwegian wholesaler of steel and metals.

 

Ferrometall AS was founded in 2010 as a result of the merger between Trønderstål AS and Leadenhall Metals AS. The company is a significant  supplier of steel and metals to large and medium sized companies in the building and construction sector in Norway. The company displays large growth over the last year, both in sales and profitability.

 

This divestment has naturally progressed due to the generational shift that has taken place in the company over recent years.