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Thomson Reuters Buys Majority Stake in Pagero
  + stars: | 2024-01-15 | by ( P.R. Venkat | ) www.wsj.com   time to read: 1 min
The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City. Photo: carlo allegri/ReutersThomson Reuters said it has bought a majority stake in the Pagero Group , taking it closer toward full control of the latter. Apart from the key shareholders, including Summa Equity, Pagero’s chief executive Bengt Nilsson, several members of the management team and employees, have sold their stock to the company, Thomson Reuters said Monday.
Persons: carlo allegri, Reuters Thomson, Bengt Nilsson, Thomson Organizations: Thomson Reuters, Reuters, Reuters Thomson Reuters, Pagero, Summa Equity Locations: Manhattan, New York City
OSLO, Dec 6 (Reuters) - Norwegian online grocery firm Oda said on Tuesday it had raised 1.5 billion Norwegian crowns ($151 million) in a round of funding from investment companies Kinnevik (KINVb.ST), Verdane and Summa Equity. The latest funding valued Oda at 3.5 billion crowns, less than half the 7.5 billion it was valued at during a similar round in April 2021. The company, which tuned a profit in Norway last year, said it will adjust its costly international growth ambitions. Rasmussen Group, Prosus and Kinnevik have agreed to contribute 621 million crowns in equity through debt conversion, Oda said. ($1 = 9.9332 Norwegian crowns)Reporting by Terje Solsvik, editing by Gwladys FoucheOur Standards: The Thomson Reuters Trust Principles.
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