KMC Properties and Bewi Invest agree to merge

Norwegian companies KMC Properties and Bewi Invest have agreed to merge, intending to list on Euronext Oslo Børs.

Industrial and logistics - Bewi

KMC Properties will be the surviving company and will be renamed Bewi Invest. 
KMC Properties will undergo a 6-to-1 reverse share split to increase its share price to at least NOK 10.00 (€0.88).
KMC Properties is valued at NOK 32.7 mln (€2.89 mln), and Bewi Invest at NOK 3.55 bn (€314.1 mln).
Bewi Invest shareholders will receive 7.781 shares in KMC Properties for each of their Bewi Invest shares.
After the merger, current Bewi Invest shareholders will own about 99.09% of the combined company. Bekken Invest, a major shareholder in both, will hold around 53.14%.
KMC Properties will issue new shares to the public to ensure it meets the minimum number of shareholders required for listing.
The merger needs approval from both companies' shareholders, a public offering, listing approval from Oslo Børs, and regulatory approval of a prospectus.
Shareholder meetings are expected around 9 February 2026, with trading in the new combined company's shares anticipated in early Q2 2026.
Bjørnar André Ulstein, CEO of Bewi Invest, said: "Today's board decision is an important milestone in fulfilling Bewi Invest's strategy of becoming a listed, long-term partner for companies involved primarily in industrial production, real estate, and seafood. Becoming listed is a natural step in the development of the company, and we look forward to sharing further details as we progress."
Danske Bank and DNB Carnegie (part of DNB Bank) are serving as financial advisors to BEWI Invest. SpareBank 1 Markets AS is the financial advisor for KMCP. For legal counsel, Advokatfirmaet Thommessen is advising BEWI Invest, while Advokatfirmaet Arntzen Grette is advising KMCP.