Brief: Balder Buys 50 Per Cent Of Shares In Karlatornet

SERNEKE AB (publ)

17/12/2020 07:32

Dec 17 (Reuters) - Fastighets AB Balder  BALDb.ST :
    * BALDER AND SERNEKE IN STRUCTURAL TRANSACTION
    * BALDER IS ACQUIRING 50 PER CENT OF SHARES IN KARLATORNET
AB
    * AGREEMENT TO ACQUIRE PREFERENCE SHARES IN KARLATORNET AB
("KARLATORNET") FOR SEK 25,000 EQUIVALENT TO 50 PER CENT OF
CAPITAL AND VOTES
    * SERNEKE GUARANTEES TOTAL COSTS FOR CONSTRUCTING
KARLATORNET AND
HAS ALREADY INVESTED SEK 1,500M IN FOUNDATION WORK AND HAS
STARTED CONSTRUCTION OF FIRST FLOORS
    * BALDER IS PROVIDING SEK 500M IN FORM OF A SHAREHOLDER'S
LOAN AND
REMAINING FINANCING NEEDS HAVE BEEN SECURED THROUGH A BUILDING
CREDIT FROM NORDEA OF SEK 3,000M.

Source text for Eikon:  ID:nWkr6BhtDD 
Further company coverage:  BALDb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))