Brief: Bonava Sees It Unlikely Buyer For Its Russian Unit Will Receive Approvals From Relevant Authorities

Bonava AB (publ)

17/11/2022 15:13

Nov 17 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * UPDATE REGARDING OPERATIONS IN ST. PETERSBURG
    * ON OCT 7ANNOUNCED THAT IT HAD ENTERED INTO SALES AGREEMENT
WITH
RUSSIAN COMMERCIAL, RESIDENTIAL REAL ESTATE DEVELOPER NAMED
G-GROUP FOR DIVESTMENT OF ITS SUBSIDIARIES IN RUSSIA
    * HAS NOW RECEIVED INFORMATION FROM BUYER THAT MAKES BONAVA
ESTIMATE IT IS UNLIKELY THAT BUYER WILL RECEIVE REQUIRED
APPROVALS FROM RELEVANT AUTHORITIES
    * IS EVALUATING RECEIVED INFORMATION AND POSSIBLE
ALTERNATIVES AND
WILL PROVIDE ADDITIONAL INFORMATION WHEN IT IS AVAILABLE
    * BONAVA SHARES DOWN 12% AFTER UPDATE ON SALE OF RUSSIAN
SUBIDIARY

Source text for Eikon:  ID:nWkrbnVzj2 
Further company coverage:  BONAVb.ST 
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