JM completes selling its stake in Småa AB

JM has, as previously communicated, signed an agreement with Alm Equity AB for the sale of all of JM’s shares in Småa AB. The condition in the agreement is now fulfilled, stating that a significant proportion of the remaining shareholders of Småa AB is required to sell its participations. Occupancy and payment is completed during the first quarter 2017. The sale results in earnings of SEK 275m which will be reported as financial income during the first quarter 2017.

For additional information, please contact:
Pär Vennerström, Business Unit Manager JM Residential Stockholm, +46 (0)8 782 89 12 
Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29

This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 2017-02-21.

JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 15 billion and the company has about 2,400 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.

Tags: