Construction firm Implenia plans for internal merger

A digital representation of the proposed Tangenvika bridge in southern Norway. Image: Implenia

The merger will be proposed at the group’s annual general meeting on April 3, 2024.

The company is a leading construction and real estate service provider that develops, builds and manages homes, workplaces and infrastructure. It also offers tunnelling and related infrastructure services in other markets.

“Following the merger, Implenia and the public shareholders will hold all shares in the listed Ina Invest Holding directly,” stated Implenia. “This does not change the shareholdings.”

Implenia said it previously held a minority stake of 42.5% in the subsidiary Ina Invest and will hold a stake of around 40% in the merged Ina Invest Holding.

“Implenia will continue to hold its strategic stake, work closely with Ina Invest and drive the development of its real estate portfolio,” stated the firm.

“The shareholding of around 40% does not trigger any obligation for Implenia to make a takeover offer to the other shareholders. The articles of association of Ina Invest Holding are being adapted accordingly.”