Industri Kapital sells Prevesta to Block Watne Group for SEK 1,900 million
Block Watne Group (BWG), one of Norway’s leading housebuilders and listed on Oslo Børs, has entered an agreement with the Industri Kapital 2004 Fund to buy 100 per cent of the shares in Prevesta, Sweden’s leading producer of prefabricated houses with the brands Myresjöhus and SmålandsVillan. In 2006, Prevesta had a turnover of SEK 1,756 million (approx. EUR 189 million) and an operating profit of SEK 191 million (approx. EUR 21 million).The purchase price amounts to SEK 1,900 million (approx. EUR 204 million) which includes the transfer of debt and shareholder loans of SEK 381 million (