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Catena — M&A Activity 2019
Sep 4, 2019
2901_iss_2019-09-04_76a22cba-8288-4974-b352-ce7a244f9cd6.pdf
M&A Activity
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4 September 2019, 1:30 p.m. CET
Catena released from option agreement
Kilenkrysset has released Catena from an option agreement regarding rights to acquire logistics land in Staffanstorp.
In an agreement between Catena and Kilenkrysset, Kilenkrysset has provided an option conveying rights for Catena to acquire an area of land in the Municipality of Staffanstorp.
Kilenkrysset now intends to sell the land to another player, which is why it has chosen to redeem the option agreement. The compensation for this redemption amounts to SEK 59 million, which will be reported in its entirety as a realised change in value in the financial accounts for the third quarter.
For further information, please contact Benny Thögersen, CEO Tel. +46 730-660 83 50 [email protected]
Jörgen Eriksson, Regional Manager Malmö Tel. +46 42-449 22 42 [email protected]
Catena is a listed property company that, through collaboration sustainably develops, owns and manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overall objective is to generate strong cash flow, enabling stable development and providing shareholders a favourable total return in the long term. As of 30 June 2019, the properties had a total value of SEK 15,570.4 million. Catena's shares are traded on NASDAQ Stockholm, Mid Cap.
This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was provided by the contact persons mentioned in this press release, for publication at the time stated above.
Catena AB (publ), Box 5003, SE-250 05 Helsingborg, Sweden, Phone +46 (0)42–449 22 00 Corp. Reg. No. 556294-1715, Registered office: Helsingborg catenafastigheter.se