Catena withdraws its Offer for shares in Klockarbäcken
9 November 2017, 5:30 p.m.
On 2 October 2017, Catena AB (publ) (Catena) announced an offer to the shareholders of Klockarbäcken Property Investment AB (publ) (Klockarbäcken) to acquire all shares issued by Klockarbäcken (the “Offer”). Through a press release issued on 18 October 2017, Catena extended the acceptance period for the Offer.
Catena has now decided to withdraw its offer to acquire all shares in Klockarbäcken. The reason is that not all of the conditions set by Catena for the completion of the Offer had been met at the end of the extended acceptance period.
For further information, please contact
Benny Thögersen, CEO, Tel. +46 706-60 83 50, firstname.lastname@example.org
Peter Andersson, Deputy CEO and CFO, Tel. +46 730-70 22 44, email@example.com
Catena’s mission is to own, effectively manage and pro-actively develop properties in prime locations that offer the potential to generate a steadily growing cash flow and favourable value growth. Catena’s overriding goal, based on its focused orientation, is to give shareholders a favourable long-term total return. As of 30 September 2017, the properties had a total value of SEK 11,750,0 million. Catena AB is listed on the Nasdaq Stockholm exchange.
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.