Catena signs agreement regarding 25 properties
After the extraordinary meeting of the shareholders of Catena having decided to approve the proposal by the board of directors to transfer the shares in Catena Invest 1 AB and the limited partnership interests in Catena Urnes 1 KB and Almedals Fastighetsförvaltning KB to Balder Fjorton AB and after the extra ordinary meeting of the shareholders of Fastighets AB Balder having decided to acquire the shares/partnership interests, Catena and Balder Fjorton AB have signed an agreement on the sale of the shares/partnership interests in which transfer 25 properties of are included.
The total preliminary payment amounts to 1.504 MSEK and consists partly of the purchase price for the acquired shares and partnership interests and party of the payment of intra group receivables. Closing is scheduled for the first half of February 2011.
The final payment is dependent upon the book value of the properties and the equity of the transferred companies as per 31 December 2010. Final payment is estimated to be set after the accounts have been audited.
For further information, please contact Henry Klotz, Chairman of the Board, +44 (0)7766 205 145 or Peter Hallgren, President and CEO, tel +46-31-760 09 32
This information is such that Catena AB (publ) must release it publicly in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released to the public on January 31, 2011, at 08.43 a.m.
