Brief: Letter Of Intent Signed For Highly Automated Logistics Centre In Stockholm

Axfood AB

06/03/2019 14:04

Axfood AB  AXFO.ST :
    * LETTER OF INTENT SIGNED FOR HIGHLY AUTOMATED LOGISTICS
CENTRE IN
STOCKHOLM
    * INVESTMENT WILL BE FINANCED THROUGH LOANS
    * SIGNED A LETTER OF INTENT WITH WITRON TO USE COMPANY'S
TECHNOLOGY FOR HIGHLY AUTOMATED LOGISTICS CENTRE THAT IS PLANNED
TO BE IN FULL OPERATION BY 2023
    * AXFOOD HAS SIGNED A LETTER OF INTENT WITH PROPERTY OWNER
NREP
LOGICENTERS TO LOCATE WAREHOUSE IN BÅLSTA
    * AXFOOD - WITH CHOSEN SOLUTION, INVESTMENT IN FUTURE
AUTOMATION
WILL BE AT UPPER END OF SEK 400-600 MILLION RANGE GUIDED FOR
2019-2020

Source text for Eikon:  ID:nWkr4g4Vlx 
Further company coverage:  AXFO.ST