Kungsleden sells public properties for SEK 912 m
Listed Swedish property company Kungsleden AB (publ) is selling 39 (correction of previously inaccurately stated 38) public properties to Hemsö for a total purchase price of SEK 912 m excluding transaction costs. The sales price is consistent with book value and exceeds acquisition cost by approximately a SEK 26 m. This latter amount is included in Kungsleden’s profit for calculating dividends for 2012.The sale increases equity by about SEK 39 m. The transaction will be recognized in the third quarter of 2012.These properties are located in Härnösand, northern Sweden, and accommodate