Brief: Castellum sells Swedish properties for total 4.5 bln SEK to Dios

Hufvudstaden AB

22/11/2016 07:00

Nov 22 (Reuters) - Castellum Ab  CAST.ST , Dios  DIOS.ST : 
    * Castellum sells properties for a total of SEK 4.5 bln in 
Sundsvall, Umeå and Lulea 
    * Dios says has agreed to buy portfolio from Castellum. 
    * Dios says in order to partly finance the acquisition, 
Dios' Board proposes to EGM to resolve on a rights issue with 
preferential rights for the company's existing shareholders. 
    * Dios says the fully guaranteed rights issue will raise 
Dios approximately SEK 1.8bn before issue costs.  
    * Dios says the remaining part of the consideration of 
approximately SEK 2.7bn, is financed through new 
interest-bearing credit facilities. 
 
 
Further company coverage:  CAST.ST  DIOS.ST  
     
 
 (Reporting By Simon Johnson) 
 ((simon.c.johnson@thomsonreuters.com;))