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Training specialist Mintra to list on Oslo

Photo: Mintra DSF7329-1400x550.jpg
Maritime and energy sectors training specialist Mintra Group is set to be listed on Norway’s Oslo Stock Exchange at a price of NOK1.3bn ($139m).

The Aberdeen and Norway based Human Capital Management training services provider will start trading on the Oslo Stock Exchange on 5 October 2020.

Mintra noted that since the beginning of lockdown, Mintra has seen a surge in demand for virtual and online delivery of courses and training management support, making this the optimal time for the organisation to be listed.

Scott Kerr, ceo of Mintra, said: “The pandemic has changed how companies look at training and our services are in growing demand. The current market is fragmented so by listing now, reducing debt and raising capital we can assist in consolidating the industry. We will be able to further invest and expand our offering to provide our customers with enhanced products, greater choice and a more efficient process to develop and deploy their employees.”

Mintra said its vision is to offer a single source solution for companies to identify training needs, choose their preferred training format from a number of providers, then deploy their workforce to any job site in the world. The funds raised from the listing will be used to achieve these aims.

Mintra has engaged Pareto Securities and SpareBank 1 Markets as joint global coordinators and joint bookrunners to advise on a contemplated private placement on the Merkur Market.

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