Brief: Bonava Says It Took New Step Towards Divestment Of St. Petersburg Operations

Bonava AB (publ)

18/10/2023 16:47

Oct 18 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * BONAVA TAKES NEW STEP TOWARDS DIVESTMENT OF ST. PETERSBURG
OPERATIONS
    * TRANSACTION AMOUNTS TO APPROXIMATELY EUR 50 M AND BONAVA
HAS
RECEIVED PAYMENT
    * SIGNED AN AGREEMENT FOR DIVESTMENT OF ITS ST. PETERSBURG
OPERATIONS WITH STAR DEVELOPMENT LLC
    * BUYER HAS RECEIVED ACQUISITION PERMIT FROM SPECIAL
COMMITTEE
ESTABLISHED TO OVERSEE BUSINESS TRANSFERS
    * ON CLOSURE OF DIVESTMENT, THIS TRANSACTION WILL GENERATE
POSITIVE EARNINGS OF APPROXIMATELY SEK 550M

Source text for Eikon:  ID:nWkr29mJ4w 
Further company coverage:  BONAVb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))