Saga comments

In the view of Statoil’s strategic decision to direct more supply traffic through Mongstad, it was important for our mission to find a dedicated and solid buyer who had a strong willingness to invest and further develop Mongstad Supply Base. With a good reputation and solid ambitions for the base, EQT was a preferred buyer, for the benefit of Statoil, tenants and employees in the region

Anders Nordby, Associate
Saga Corporate Finance

Saga Corporate Finance advised the owners of Mongstad Administrasjon in the sale to EQT Infrastructure

Mongstadbase was established in 1984 as a supply base for Hydro’s (now Statoil) activities on the Norwegian Continental Shelf. The base is strategically located along the coast outside Bergen, supplies about 20 installations in the North Sea and handles over 2500 ship arrivals annually.

Mongstad Administrasjon AS (MA) is the largest property actor at the base and controls approx. 75% of land and buildings on the base. Since the base was established in 1984, there has been significant investments in infrastructure in the area, which today covers a total of about 600,000m2 of developed land, 60,000m2 of building stock and 750m of quay structures.

The acquisition of Mongstadbase will be EQT’s platform investment in supply base infrastructure.

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Facts

  • Commissioned by: Wimoh Invest AS
  • Assigment: Sales mandate
  • Industry: Supply base to the O&G industry
  • Number of employees: 1

Financials

Revenue (MNOK)
  • 89
  • 89
  • 93

Mongstad Administrasjon AS owns approximately 75% of land and buildings at Mongstadbase