8.6.2026 07:30:01 CEST | Magnora ASA | Non-regulatory press releases
On Monday 8 June, Magnora ASA's subsidiary Magnora Data Center ASA goes public
on Euronext Growth Oslo under the ticker MDATA. The company has until now been a
fully owned subsidiary of Magnora ASA, but has recently completed a private
placement raising gross proceeds of NOK 650 million, and Magnora ASA now holds
52.7% of the shares.
The listing of Magnora Data Center ASA on Euronext Growth Oslo represents the
first European opportunity for investing in a listed pure-play data center share
in this fast-growing market.
"We are very pleased with the strong investor interest in Magnora Data Center
ASA. The private placement last week was multiple times oversubscribed and
raised the full NOK 650 million we targeted. The broad and international
interest from high-quality institutional investors reflects confidence in the
company, our capabilities and the growth opportunity the European data center
market represents", says the company's Executive Chairman Erik Sneve, who is
also CEO of Magnora ASA.
The private placement attracted interest from large institutional investors
internationally, as well as leading Nordic asset managers including DNB Asset
Management, Nordea Asset Management AB, and FIRST Fondene.
With a project portfolio of gross 585 MW across Norway, Sweden, Finland and
Italy, Magnora Data Center supports the growing demand for data processing,
cloud services and artificial intelligence applications. The proceeds from the
private placement will allow Magnora Data Center to accelerate its project
origination, development and investments.
"There is an enormous demand for AI compute capacity globally and Europe is
setting firm goals to catch up. The listing of Magnora Data Center is an
opportunity for both institutional and retail investors to take part in the
growth of the European data center market supporting the AI revolution", Sneve
concludes.
CONTACTS
* Erik Sneve, CEO, email: es at magnoraasa.com
ABOUT MAGNORA ASA
Magnora ASA (OSE: MGN) is a developer of data center, wind, solar, and battery
projects, as well as a data center operator. Magnora has operations in Europe
and Africa through the portfolio companies Magnora Data Center AS, Magnora Data
Center AB, Storespeed AS, Hafslund Magnora Sol AS, Magnora Offshore Wind AS,
Magnora Germany, Magnora Italy Srl., Magnora Solar PV UK, Magnora South Africa,
and AGV. Magnora also has earn-out revenues related to the former portfolio
companies Helios Nordic Energy and Evolar. Magnora is listed on the main list of
the Oslo Stock Exchange under the ticker MGN.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18939121/11555/Download%20announc
ement%20as%20PDF.pdf
asjon.ntb.no/ir-files/17847805/18939121/11555/Download%20announc\
ement%20as%20PDF.pdf\