Pandox acquires Radisson Blu Glasgow for MGBP 39
Pandox AB (publ) has entered into an agreement to acquire Radisson Blu Glasgow in Scotland. The hotel is a full-service hotel with 247 rooms and a strong location in central Glasgow. The purchase price amounts to MGBP 39, corresponding to approximately MSEK 455, and is intended to be financed by a new bank loan and existing credit facilities. The transaction and transfer of possession are expected to be completed during the fourth quarter 2018. The hotel will be reported under the business segment Operator Activities. For 2018 the hotel is expected to contribute the equivalent of