Approval granted for the acquisition of Kärnhem AB

 

Swedish Competition Authority has approved the acquisition of Kärnhem AB.

As announced 12 March 2013, closing of the acquisition was conditional upon approval from Swedish Competition Authority. Based on the granted approval, closing of the acquisition of Kärnhem AB will take place on 25 April 2013.

Further information from:

CEO Lars Nilsen, tel: +47 23 24 60 00
CFO Arnt Eriksen, tel: +47 922 14 625.

About Us

BWG Homes develops, sells and constructs residential homes in the Nordic region. The brands owned by the Group are Block Watne and Hetlandhus in Norway, Kärnhem, Myresjöhus and SmålandsVillan in Sweden. Ranked as a leading residential house builder in its markets, the Group annually completes approx. 2 000 new homes through own residential projects and for individual customers. BWG Homes has approx. 1 000 employees. In 2013 the operational turnover was NOK 3.9 billion. BWG Homes is a company in the OBOS Group.

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