Selvaag Bolig ASA: Selvaag Bolig has entered into transaction agreements to implement the sale of its land bank to Urban Property
The general meeting of Selvaag Bolig gave its approval on 9 December 2019 to the agreement on selling a large proportion of the land bank to Urban Property. Agreements to implement the transaction were entered into by the company today. These transaction agreements accord with information in Selvaag Bolig’s stock exchange announcement of 18 November 2019 and the terms approved by the general meeting. The transaction is due to be implemented around 21 January 2020. Authority to determine the payment of dividend in connection with the transaction has been given by the general meeting to