Brief: Aros And Alm Equity To Create Housing Developer

Besqab AB (publ)

16/05/2022 07:34

May 16 (Reuters) - AROS Bostadsutveckling AB  AROS.ST :
    * AROS BOSTADSUTVECKLING AND ALM EQUITY SIGN LETTER OF
INTENT TO
CREATE HOUSING DEVELOPER THOUGH ACQUISITION OF PROJECT PORTFOLIO
OF 1600 BUILDING RIGHTS BY AROS BOSTAD FROM ALM EQUITY
    * TRANSACTION IS INTENDED TO BE FINANCED THROUGH AN ISSUE IN
KIND,
WHICH WILL RESULT IN ALM EQUITY BECOMING A NEW MAJOR SHAREHOLDER
IN AROS BOSTAD
    * COMPLETION IS EXPECTED TO TAKE PLACE AT THE BEGINNING OF
Q3 OF
2022

Source text for Eikon:  ID:nWkrc1dvp9 
Further company coverage:  AROS.ST 

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