Brief: Bonava Divests Its Norwegian Operations

Bonava AB (publ)

12/06/2023 06:33

June 12 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * BONAVA FREES UP CAPITAL: DIVESTS NORWEGIAN OPERATIONS
    * DIVESTS ITS NORWEGIAN OPERATIONS TO UNION RESIDENTIAL
DEVELOPMENT
    * PURCHASE PRICE IS SEK 1.5 BN
    * TRANSACTION IS EXPECTED TO BE FINALISED NO LATER THAN Q3
OF 2023
    * DEAL IS PENDING APPROVAL FROM NORWEGIAN AUTHORITIES
    * NET FINANCIAL IMPACT AMOUNTS TO SEK -0.7 BN AND WILL BE
RECOGNISED DURING Q2 OF 2023
    * OF PURCHASE PRICE SEK 0.8 BN IS TO BE PAID WHEN DEAL IS
FINALIZED REMAINDER IS TO BE PAID OUT IN TRANCHES, WITH MAIN
PART IN 2024, 2025

Source text for Eikon:  ID:nWkrbhJ7Z2 
Further company coverage:  BONAVb.ST 

 (Gdansk Newsroom)
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