Divestment of Aktiv Gruppen (DK) to Olicom (DK) by EuroTrust A/S (DK) – DKK 969 million

Carnegie acted as adviser to EuroTrust A/S in the divestment of its property division, Aktiv Gruppen, to Olicom. Besides the property activities, EuroTrust A/S is a leading European renewable power producer. EuroTrust A/S is listed on AIM. Aktiv Gruppen has a strong portfolio of primarily residential and leisure property development projects for construction over the next 10 to 15 years in Denmark and Norway. June, 2008.