Brief: Bonava Says To Divest Co's Subsidiaries In St. Petersburg

Bonava AB (publ)

31/05/2023 01:02

May 30 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * BONAVA TAKES NEXT STEP TOWARDS DIVESTMENT OF
ST. PETERSBURG
OPERATIONS
    * BONAVA - AGREEMENT WAS TODAY REACHED WITH DEVELOPMENT AND
CONSTRUCTION COMPANY RBI GROUP TO DIVEST BONAVA'S SUBSIDIARIES
IN ST. PETERSBURG
    * GROSS PROCEEDS ARE APPROXIMATELY RUB 3.3 BN (SEK 440 M)
    * UNDER CURRENT CONDITIONS OBTAINING APPROVALS IS A COMPLEX
PROCESS, WHICH IS EXPECTED TO BE COMPLETED DURING Q3 2023
    * DEAL WILL NOT BE RECOGNISED IN BONAVA'S PROFIT UNTIL
CLOSING AND
PAYMENT

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

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