D. Carnegie & Co postpones 2016 Capital Markets Day to a later date, to be announced
D. Carnegie & Co AB (publ) – listed on Nasdaq Stockholm – postpones its Capital Markets Day to a later date, to be announced. The previously planned date was November 9, 2016. This decision was made due to the recent mandatory tender offer from Vega Holdco Sarl (”Vega Holdco”), an entity wholly owned by real estate funds advised by affiliates of the Blackstone Group L.P, and the restricted disclosure of information the bid implies.
D. Carnegie & Co will hold its Capital Markets Day after the end of the acceptance period, being November 18, 2016 provided that the acceptance period is not extended. D. Carnegie & Co will announce a new date for the Capital Markets Day at a later time.
For further information, please contact:
Mats Hedberg, Head of IR, D. Carnegie & Co, tel 070 - 730 81 27, email@example.com
About D. Carnegie & Co
D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the Bosystem renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK15,205 million on 30 June 2016. The total rental value amounted to SEK 1,349 million annually on 30 June 2016. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.