Catena submits bid for property portfolio

Report this content

Catena intends to acquire two properties from Halmslättens Fastighets AB.

21 February 2022, 4.00 p.m. CET

The acquisition is planned as a corporate transaction in which Halmslättens Fastighets AB will sell all of the shares in its subsidiary Halmslätten Midco 1 AB, which holds the Group's property portfolio. The transaction is based on an agreed property value of SEK 1,520 million. The property portfolio concerned includes the Vrangelsro 5:4 property in the Municipality of Halmstad and the Logistiken 3 property in the Municipality of Umeå.

According to the letter of intent, the transaction is conditional on approval of the sale by an Extraordinary General Meeting of the seller and that Catena is able to conduct a due diligence process. After that, it will be possible to enter a binding share transfer agreement.

If the conditions are met, the transaction is expected to be completed at the beginning of the second quarter of 2022.

For further information, please contact
Jörgen Eriksson, CEO, Tel. +46 730-70 22 42,
Sofie Bennsten, Deputy CEO and CFO, Tel. +46 (0)730-70 22 41
Follow us on: / LinkedIn / Twitter

This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation (MAR) 596/2014. The information was provided by the above contact persons for publication at the aforementioned time.

Catena is a listed property company that, through collaboration sustainably develops and durably manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overarching objective is to generate strong cash flow from operating activities to enable sustainable growth and stable returns. As of 30 September 2021, the properties had a total value of SEK 21,972.6 million. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.