Ratos to sell Tornet
Ratos has today concluded an agreement with Fabege to sell its holding in the real estate company Tornet for SEK 1.2 billion, corresponding to SEK 146 per Tornet share. The sale is expected to be carried out during January.Ratos (40 %) acquired an 82.4 % stake in Tornet in December 2003, together with Lehman Brothers Real Estate Partners ("LBREP") (60%), through the jointly owned company LRT Acquisition. Together with LBREP, Ratos has changed Tornet's strategy, and over the past eighteen months the company has concentrated its property portfolio to Stockholm, Gothenburg and Malmö. The