Brief: Investors House Sells Its 48% Stake In IVH Kampus Ky To Nyfosa Unit

Altra Fastigheter AB

25/11/2021 07:23

Nov 25 (Reuters) - Investors House Oyj  INVEST.HE :
    * INVESTORS HOUSE (48% OWNERSHIP) AND OTHER INVESTORS (52%
IN
TOTAL) SIGN AGREEMENT TO SELL ALL SHARES IN IVH KAMPUS KY TO
NYFOSA'S FINNISH UNIT
    * DEBT-FREE PURCHASE PRICE OF IVH KAMPUS KY IS EUR 56.3
MILLION
    * TRANSACTION IS EXPECTED TO CLOSE DURING Q4 2021
    * BASED ON PURCHASE PRICE AND FEES AND TRANSACTION COSTS
RECEIVED,
CO WILL RECORD LOSS AFTER TAX OF ABOUT EUR 0.7 MILLION IN Q4
2021, MAINLY BASED ON CHANGE IN VALUE
    * WILL RECEIVE A TOTAL NET CASH OF ABOUT EUR 15 MILLION
AFTER THE
SALE OF A 48% STAKE, FEES AND LOAN REPAYMENTS

Source text for Eikon:  ID:nGNE1Td2YP 
Further company coverage:  INVEST.HE 

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