Brief: Sagax Invests SEK 930 Mln In France
26/10/2023 15:07
Oct 26 (Reuters) - Sagax AB SAGAa.ST :
* INVESTS SEK 930 MILLION IN FRANCE WITH A POSSIBLE ADDITIONAL INVESTMENT OF SEK 485 MILLION
* SALE- AND LEASEBACK TRANSACTION CONCERNING 47 PROPERTIES IN FRANCE
* SELLER WILL ENTER INTO LONG-TERM LEASE AGREEMENTS FOR ALL PROPERTIES
* CO'S INVESTMENT AMOUNTS TO EQUIVALENT OF SEK 930 MILLION INCLUDING TRANSACTION COSTS
* RENTAL INCOME AMOUNTS TO EQUIVALENT OF SEK 70 MILLION PER YEAR
* NECESSARY APPROVALS ARE EXPECTED TO BE OBTAINED
* CLOSING IS EXPECTED TO TAKE PLACE DURING END OF Q4 OF 2023
* POSSIBLE ADDITIONAL INVESTMENT OF SEK 485 MILLION
* AGREED ON AN EXTENSION OF ABOVE SALE- AND LEASEBACK TRANSACTION
Source text for Eikon: ID:nWkr6yKnCQ
Further company coverage: SAGAa.ST
(Gdansk Newsroom)
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