Pandox AB (publ) has completed acquisition of 18 hotels in Germany
Pandox’s acquisition of 18 hotel properties in Germany, which was communicated 5 December 2015, has been completed. The acquisition strengthens Pandox’s position on the important German market.Final acquisition price amounts to MEUR 400 MEUR, corresponding to approximately MSEK 3,654 on a debt free basis including minority interest. Pandox consolidates the acquired hotels to 100 percent and reports these under the business segment Property Management, stating minority interest at the consolidated group level, in the balance sheet per 31 December 2015, and in the income statement from 1