Brief: Peab Continues Investing In Project Development, Develops Mountainside Property Company With SkiStar

SkiStar AB

27/05/2021 08:20

May 27 (Reuters) - Peab AB  PEABb.ST :
    * PEAB CONTINUES INVESTING IN PROJECT DEVELOPMENT: DEVELOPS
MOUNTAINSIDE PROPERTY COMPANY WITH SKISTAR
    * SKIAB INVEST AB, HALF-OWNED BY PEAB AND SKISTAR, HAS TODAY
SIGNED CONTRACTS FOR ACQUISITION OF THREE LODGES WITH A PROPERTY
VALUE OF SEK 737 MILLION AND DEVELOPMENT RIGHTS WORTH SEK 305
MILLION FROM SKISTAR.
    * ALL TRANSACTIONS ARE EXPECTED TO BE IMPLEMENTED IN Q3
2021.

Source text for Eikon:  ID:nWkrB9sQ9 
Further company coverage:  PEABb.ST 

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