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Catella

M&A Activity • Aug 14, 2020

3024_rns_2020-08-14_18088c7a-c7ef-4f2c-869d-90e7d3bc98c3.pdf

M&A Activity

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Consus RE AG has taken over a significant part of the property development project Grand Central in Düsseldorf for their long term oriented portfolio. The project has been developed and managed by Catella's German subsidiary Catella Project Management GmbH which is further on mandated from two family offices for the development of subsidized residential part of the project. Catella AB's investment was conducted through the associated companies Nordic Seeding GmbH and Grand Central Beteiligungs GmbH.

The total effect of the transaction on profit after tax amounts to approximately SEK 170 M, of which SEK 15 M was reported during the fourth quarter of 2019.

This is information that Catella AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13.30 a.m. CET on August 14, 2020.