Kristiansand’s family of investors sold half of Oda’s shares. Therefore, they got as much profit as possible when they invested in Kolonial.no at the time.
After the giant funds SoftBank Vision Fund and Prosus paid $2 billion to enter Oda’s owner (formerly Kolonial.no), Rasmussen Group remains the company’s second-largest owner.
Rasmussen sells shares at the same price as the company’s investment-approximately 500 million Norwegian kroner, so ownership shares worth 1.4 billion Norwegian kroner are net income at the time of writing.
-This is a successful investment, Dag Rasmussen, owner and general manager of E24 Rasmussen Group, said with satisfaction.
Rasmussen Group (Rasmussen Group) in addition to recovering the funds it has invested so far, the sale is also as important as attracting new investors.
-Rasmussen said that it is difficult to attract enough stocks for them to participate in, because they first “get busy” with one of the investors, and then another investor comes in.
-We have given the most space, because this is a huge investment.
Both SoftBank’s Vision Fund and Prosus hope to make larger investments in Oda and hope to invest 1 billion Norwegian kroner each.
He explained that Kinneyvik and Rema must also make room for new investors.
Karl Alveng Munthe-Kaas arrives at E24.
Rasmussen said that when they first invested in the company five years ago, this did not happen to any foreign investment.
-Their achievements are absolutely incredible. Rasmussen said that if you want to have two investors in the world, then you should choose these two. Rasmussen is also satisfied with the valuation of NOK 7.5 billion.
-If overseas investment goes well, valuations may continue to rise.
On Tuesday, E24 was able to report Kolonial.no’s first profit in Norway so far this year.
Rasmussen has been asked many times about the profitability of the companies they invested in in 2016.