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Entra owners urged to reject $4 bln takeover bids

OSLO, Jan 29 (Reuters) - Norwegian real estate firm Entra , subject to a three-way battle for control, on Friday urged its shareholders to reject a set of competing bids for the company, arguing it should remain independent.

Swedish rivals SBB and Castellum are both attempting a takeover, valuing Entra at up to 34.6 billion crowns ($4.0 billion), while a third company, Balder, has amassed a large stake and may block the others. ($1 = 8.6473 Norwegian crowns) (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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