Genova divests two hotel properties in Palma, Mallorca for approximately SEK 410m
As previously announced, Genova has evaluated a sale of assets in Spain that are not of a long-term strategic nature for the company. Genova has signed an agreement to divest these assets, two fully leased hotel properties in Palma, Mallorca, for approximately EUR 35m, corresponding to approximately SEK 410m. The properties are low-leveraged and the divestment provides Genova with net liquidity of approximately SEK 350m, which is planned to be used to reduce the company's indebtedness. The property Concepcio 34 is an investment property while the property Can Oliver is under ongoing