Brief: Oscar Properties: Pledge Realization, Resale Of Wholly Owned Subsidiary HL18 Property Portfolio

Oscar Properties Holding AB

11/10/2024 11:18

Oct 11 (Reuters) - Oscar Properties Holding AB  OP.ST :
    * PLEDGE REALIZATION AND RESALE OF THE WHOLLY OWNED
SUBSIDIARY
HL18 PROPERTY PORTFOLIO AB (PUBL)
    * REMAINING IN OPH GROUP THERE IS PROPERTY IN HEDEMORA WITH
BOOK
VALUE OF SEK 40 MILLION
    * TODAY, ALL SHARES IN HL18 PROPERTY PORTFOLIO AB, WAS
TRANSFERRED
TO GELBA FÖRVALTNING 7 AB A PRIVATE COMPANY
    * BOOK VALUE OF THE PROPERTIES IS SEK 714 MILLION, WHICH
THUS
DISAPPEARS FROM THE GROUP
    * REASON FOR REALISATION OF PLEDGE IS THAT THE COMPANY HAS
NOT
BEEN ABLE TO PAY INTEREST ON BONDS SINCE 1 JAN THIS YEAR

Source text for Eikon:  ID:nMFN1zQzbT 
Further company coverage:  OP.ST 

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