Bonava divests operations in St. Petersburg
Bonava has entered into an agreement to divest Bonava’s subsidiaries in Russia for a purchase price of approximately EUR 98 M (SEK 1.1 Bn). The net financial impact amounts to approximately SEK -0.1 to -0.3 Bn and will be recognised when the transaction is finalised which is expected to be within six months. The closing of the transaction is dependent on authority approvals. These approval processes are complex given the circumstances and geopolitical factors. The St. Petersburg operations will be reported as discontinued operations from the third quarter 2022.Bonava has signed a sales