Custos sells all shares in Drott for MSEK 609
Custos sells all shares in Drott for MSEK 609 AB Custos has sold its entire holding in AB Drott for MSEK 609 in a futures transaction. The sales amount corresponds to SEK 95 per A share and SEK 72 per B share. The buyer is Näckebro and the estimated transfer date is September 21, 1998. Drott, which currently is a wholly owned subsidiary of Skanska, will be spun- off to Skanska´s shareholders and listed on the Stockholm Stock Exchange's O- list on September 24, 1998. Through this futures transaction, Custos divests its entire holding in Drott consisting of 25,1% of the votes and 6,1% of the share capital. "This is a favorable transaction for Custos' shareholders which frees up a significant amount of capital. It is also a good transaction for a Swedish real estate market in further need of consolidation", says Christer Gardell, CEO of Custos. Questions answered by Christer Gardell (+46 8 440 57 97) ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/09/04/19990223BIT00310/bit0001.doc http://www.bit.se/bitonline/1998/09/04/19990223BIT00310/bit0002.pdf