Arva is Northern Norway’s largest grid company, serving around 126,000 customers across 19 municipalities and ranking as Norway’s sixth largest distribution network operator. The transaction follows a decision by Bodø City Council in December 2024 to release capital through the sale of municipal shareholdings, in order to fund prioritised investments and urban development in Bodø municipality.
Hjort’s core team consisted of Partner Thomas E. Alnæs, Partner Marianne Andvord, Managing Associate Magnus Johannesen, Senior Associate Sondre Martinsen and Associate Simen Sletten.
We would also like to thank Kristin Bjella of Advokatfirmaet Bjella AS, Vegard Stevning of Stevning Holding AS and DNB Carnegie, who served as co-advisers to Bodø Energi, for excellent collaboration throughout the process.
Congratulations to both parties — and thank you to Bodø Energi for the trust and partnership.
Read more about the transaction here.
