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KMC Properties ASA and BEWI Invest AS have entered into a merger plan under which KMC Properties will acquire all assets of BEWI Invest. Following the transaction, BEWI Invest shareholders are set to own 99.09 percent of the combined company. KMC Properties plans to seek approval for a 6:1 reverse share split as part of the restructuring. The companies have been valued at NOK 32.7 million and NOK 3.55 billion respectively, underscoring BEWI Invest's dominant scale within the merged entity.
KMC Properties ASA and BEWI Invest AS have signed a merger plan, marking a major restructuring move for both companies. The agreement provides for KMC Properties to acquire all assets held by BEWI Invest, resulting in the two businesses being combined under the KMC Properties platform. Advertisement
Under the proposed structure, shareholders of BEWI Invest are expected to hold 99.09 percent of the shares in the combined entity once the transaction is completed. This reflects the significantly larger valuation attributed to BEWI Invest compared to KMC Properties.
KMC Properties has also decided to propose a reverse share split to its general meeting. The proposal involves consolidating shares in a ratio of 6:1, a step often taken to adjust share capital structure following large corporate actions such as mergers.
As per the disclosed terms, KMC Properties has been valued at NOK 32,700,307.20, translating to NOK 34.80 per share. In comparison, BEWI Invest has been valued at NOK 3,549,480,601.20, with a per-share value of NOK 270.77. The valuation gap highlights BEWI Invest's dominant contribution to the merged balance sheet.
KMC Properties is listed in Norway and operates within the real estate segment, while BEWI Invest has a broader investment profile with significant asset holdings. The merger follows a period of consolidation activity across Nordic property and investment markets, where companies have increasingly pursued scale and balance sheet strengthening to manage funding costs and long-term asset strategies.
Completion of the merger remains subject to shareholder approvals and customary regulatory processes, including the approval of the proposed share consolidation by KMC Properties general meeting.
Source Reuters
5th Jun, 2025
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