Selvaag Bolig ASA: Selvaag Bolig pays an extraordinary dividend of more than NOK 2 billion
Selvaag Bolig proposed to the general meeting that it sell large parts of its land bank to Urban Property. This NOK 3.4 billion transaction has now been implemented, and the board of Selvaag Bolig has resolved to pay a dividend of NOK 22.00 per share. Urban Property is a new company structure which has been established to purchase and own Selvaag Bolig’s sites. It will also have a pre-emptive right to buy all new land Selvaag Bolig wants to develop. The properties will be repurchased by Selvaag Bolig in stages. The two companies will be long-term and strategic partners, and