Divestiture of Grand Group and the Grand Hôtel property completed
Following regulatory approval, Patricia Industries, a part of Investor AB, and its subsidiary Vectura, have completed the divestiture of Grand Group and the Grand Hôtel property, respectively, to FAM AB. As announced on April 19, 2021, the total transaction value amounts to SEK 3.9bn, of which approximately SEK 0.3bn for Grand Group and approximately SEK 3.6bn for the Grand Hôtel property. Net proceeds from the transaction are approximately SEK 1.5bn after debt amortization in Vectura. About Patricia IndustriesPatricia Industries is a long-term owner that invests in companies and