Oversubscribed! Rights Issue A Sell-Out

One of Norway’s leading investment houses, Canica, has taken the lead in SoilSteam’s recent NOK45M (US$5.3m) rights issue, picking up an investment of NOK20M.

One of the country’s largest pension funds was also attracted to the sell-out rights issue, together with local investors, SoilSteam board members and its employees.

Einar Abrahamsen, Chairman of the Board, said: “We are very pleased to see investors believe in our plans.

“I’m particularly pleased that Canica decided to become part of the SoilSteam journey. With our current team of investors, we now have the financial muscles we need to proceed with our ambitious plans. The future looks good for SSI.”

The rights issue values the company at NOK170M (US$20m).

The investment of CANICA was picked up by one of the main financial Newspapers in Norway (in Norwegian, paywall). 

https://finansavisen.no/nyheter/landbruk/2021/01/19/7610801/oddbjorn-bergem-og-hans-kristian-westrum-i-soil-steam-henter-kapital-far-med-canica-og-stein-erik-hagen-pa-laget

and by Landbruk, Norway’s leading agricultural trade magazine:

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