Brief: Wästbygg Gruppen divests logistics property in Norway

Wastbygg Gruppen AB (publ)

17/04/2024 07:29

April 17 (Reuters) - Wästbygg Gruppen AB  WBGR.ST :
    * SAID ON TUESDAY SUBSIDIARY LOGISTIC CONTRACTOR HAS SIGNED
AGREEMENT WITH NIAM WHO IS ACQUIRING LOGISTICS PROPERTY UNDER
CONSTRUCTION IN NORWAY
    * AGREED PROPERTY VALUE AMOUNTS TO NOK 1,450,000,000
    * TRANSACTION CARRIED OUT THROUGH COMBINATION OF FORWARD
FUNDING,
FORWARD COMMITMENT
    * NIAM WILL TAKE POSSESSION OF PROPERTY UPON COMPLETION
DURING
SUMMER OF 2025

        
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