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Fast. Balder — M&A Activity 2014
May 30, 2014
2887_rns_2014-05-30_d32e155a-c021-4f3d-a445-a70b8eb0b914.pdf
M&A Activity
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PRESS RELEASE 30 May, 2014
Balder enter into an agreement to sell the entire stock in Finspång
Fastighets AB Balder (publ) has agreed to sell its entire holdings in Finspång to Amasten Holding encompassing approximately 68,000 sq.m. with an underlying property value of SEK 460 million. Balder will as partly payment subscribe for shares in Amasten, up to SEK 30 million, equivalent to an ownership interest of approximately 10 per cent.
The sale price exceeded Balder´s latest valuation by over 10 per cent, which will be reported in the second quarter.
For further information, please contact: CEO Erik Selin, tel. +46 706 074 790 or Head of Finance Marcus Hansson, tel. +46 768 369 848
Fastighets AB Balder (publ) discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 30 May 2014 at 08.30 CET.
Fastighets AB Balder (publ)
PO Box 53121, 400 15 Gothenburg Tel: +46 31 10 95 70 Corporate Identity No. 556525-6905, Registered office Gothenburg www.balder.se
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 29,1 billion as of 31 March 2014. The Balder share is listed on Nasdaq OMX Stockholm, Mid Cap.