Kungsleden sells 65 per cent of Nordic Modular Group to Inter IKEA Investments
Kungsleden divests 65 per cent of Nordic Modular Group to Inter IKEA Investments with a sales price equal to a valuation of the entire company of 1.3 billion SEK (Enterprise Value). With the transaction Kungsleden will release net funds of approximately 700 MSEK. The released funds will be used to purchase properties in accordance with Kungsleden’s strategy, which allows a purchase capacity of approximately 1.8 billion SEK with an assumed LTV ratio of around 60 per cent.Biljana Pehrsson, CEO at Kungsleden, comments:“Kungsleden today takes yet another important step towards realizing our