Brief: Investor: Patricia Industries To Divest Its 40% Share Of Three Scandinavia's Tower Business And Assets

Investor AB

12/11/2020 12:09

Nov 12 (Reuters) - Investor AB  INVEb.ST :
    * DIVESTMENT OF THREE SCANDINAVIA'S TELECOM TOWER BUSINESS
AND
ASSETS
    * PATRICIA INDUSTRIES, A PART OF INVESTOR AB, HAS AGREED TO
DIVEST
ITS 40 PERCENT SHARE OF THREE SCANDINAVIA'S TOWER BUSINESS AND
ASSETS
    * FOLLOWING TRANSACTION, COMPANY WILL ESTABLISH SERVICE
CONTRACTS
WITH CELLNEX FOR UTILIZATION OF DIVESTED PASSIVE INFRASTRUCTURE.
    * TRANSACTION IS EXPECTED TO CLOSE ON A COUNTRY BY COUNTRY
BASIS,
SUBJECT TO REGULATORY APPROVAL, INTO 2021

Source text for Eikon:  ID:nWkr94VRXT 
Further company coverage:  INVEb.ST 

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