Swedish Match reaches agreement on sale of Stockholm real estate

Swedish Match has on July 6, 2007 reached an agreement to sell its real estate company which is the owner of two buildings belonging to the Tobaksmonopolet property in Stockholm. Swedish Match will remain as one of the tenants in the divested buildings.

The purchaser of the real estate is Aberdeen Property Fund Pan-Nordic and the purchase price is 995 MSEK. The closing date of the sale is scheduled to October 1, 2007.

The capital gain on the sale is estimated to be in excess of 200 MSEK and will be recorded at the close of the transaction.

In addition to the buildings involved in this transaction, two adjacent parcels of land continue to be held for sale.

Colliers International has acted as Swedish Match’s advisor in the transaction.
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