Byggma ASA — M&A Activity 2022

Sep 30, 2022

Byggma ASA: Sale of two industrial properties

Byggma ASA: Sale of two industrial properties

Reference is made to the stock exchange announcement sent 20 June 2022 regarding the received offer for two of Byggma ASA’s properties. The properties received an offer for is Birkeland Eiendom AS and Masonite Fastighet AB.

Birkeland Eiendom AS owns an industrial property in Birkeland in Birkenes municipality in Norway where Byggma’s subsidiary Ulldal AS manufactures windows and sliding doors. A long-term rental agreement of 20 years between the lessor Birkeland Eiendom AS and the lessee Uldal AS. After 20 years the lessee has an option to prolong the rental agreement. Additionally, after 20 years Byggma has an option to purchase the property and the buyer has an option to sell the property to Byggma.

Masonite Fastighet AB owns an industrial property in Nordmaling municipality in Sweden where Byggma’s subsidiary Masonite Beams AB manufactures I-Joists. A long-term rental agreement of 20 years between the lessor Masonite Fastighet AB and the lessee Masonite Beams AB. After 20 years the lessee has an option to prolong the rental agreement. Additionally, after 20 years Byggma has an option to purchase the property and the buyer has an option to sell the property to Byggma.

The parties has today 30. September 2022 signed the agreements and agreed gross property value is in total approximately NOK 234 million with today’s SEK/NOK exchange rate value. The buyer is er Vika Oppstart 100 AS, a newly established company managed by Vika Project Finance AS.

Handover and settlement are set to 11. October 2022.

Vennesla, 30 September 2022

For more information, please contact CEO Geir Drangsland on phone +47 928 85 862