Odin confirms details of Europa SMB and Europe funds merger
Norway’s Odin Fund Management has confirmed completion of the proposed merger of its Europa SMB and Europe funds.
The merger was completed on 21 March, with a merger ratio between the funds calculated on that date by dividing the net asset value in Odin Europa SMB with the NAV for Odin Europe – resulting in a ratio of 1.7064.
Multiplying the number of units owned in Odin Europa SMB by the ratio gives investors the number of new units in Odin Europe.
Investors accessing the Europa SMB fund via savings agreements will see the relevant amounts added to any existing savings agreements for the Europe fund.