KID ASA – COOPERATION WITH FABRITIUS GRUPPEN AS TO ESTABLISH NEW WAREHOUSE FACILITIES IN SWEDEN
Lier, 3 November 2021Kid ASA ("Kid") has through its Norwegian wholly owned subsidiary Hemtex Logistikk AS (under name change from Alfanor 21124 AS) entered into a commercial cooperation with Fabritius Gruppen AS ("Fabritius") regarding establishment of a joint venture ("Joint Venture") for the purpose of constructing a new warehouse facility in Sweden. This includes a contemplated purchase of a plot (of land) (Nw.: tomt) in Borås municipality (Sweden) and construction of a central warehouse and offices to be leased out to Kid's Swedish wholly owned subsidiary, Hemtex AB ("Hemtex"). The