BEWi – Completion of transaction for divestment of properties in Netherlands
Reference is made to the stock exchange notice of 16 October 2020 by BEWi ASA ("BEWi"), a leading provider of packaging, components and insulation solutions, where the Company announced its intention to divest certain properties in the Netherlands by way of a letter of intent with KMC Properties AS. The transaction for the divestment has today been completed.
BEWi is divesting four properties in the Netherlands to KMC Properties AS through a sale of the shares in the companies owning the relevant properties and by way of a sale-and-leaseback transaction, whereas BEWi has entered into a