Catella AB (publ) divests its Property Asset Management-operations in France
Catella AB (publ) divests its 50.1 percent holdings in its French subsidiary Catella Asset Management SAS for a cash purchase price of SEK 154 million. The divestment will have a positive effect on profit after tax, including transaction costs, of approximately SEK 122 million during the first quarter of 2021.Catella's brand is strong and the French market is strategically important to Catella and therefore Catella will further develop its position in Asset Management in France. Catella is already exploring ways to establish new operations with potential new local partners. During the