Brief: Doxa Signs Binding Agreement To Buy Malmö Arena District

Doxa AB

01/12/2021 09:09

Dec 1 (Reuters) - Doxa AB  DOXA.ST :
    * SAID ON TUESDAY HAS ENTERED INTO BINDING SHARE TRANSFER
AGREEMENT ON ACQUISITION OF MALMÖ ARENA DISCTRICT
    * AGREED PROPERTY VALUE AMOUNTS TO ABOUT SEK 1.9 BLN
    * PURCHASE PRICE TO BE PAID BY DOXA ISSUING 45 MLN SHARES TO
SELLER TO VALUE OF SEK 405 MLN; REMAINING PART PAID IN CASH
    * PROPERTIES HAVE TOTAL AREA OF ABOUT 77,000 SQ.M. AND
GENERATE
ANNUAL OPERATING NET INCOME OF ABOUT SEK 95 MLN
    * ACCESS IS EXPECTED TO TAKE PLACE NO LATER THAN FEB. 28,
2022

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN3L0YB5
 Further company coverage:  DOXA.ST  

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