JM sells its holding in HEBA for 290 million SEK

As of today, JM is handing over all of the company’s shares in Heba Fastighets AB to Wallenstam AB. The shareholding comprises 5,471,520 B-shares corresponding to 13.25 per cent of the total number of shares in Heba and 7.0 per cent of the votes.

The purchase price of 290 million SEK was received in cash today.

The shares were received as part-payment in December 2008 during the sale of JM’s dwelling stock in Älta, Nacka. An allocated reserve is being utilised in connection with the final regulation of the business transaction, meaning an additional profit of 25 million SEK will be reported in the second quarter of 2009.