Printer Friendly

Deal snapshot: SWEDISH REAL ESTATE FIRM BALDER, BACKAHILL ACQUIRE NEW BRINOVA.

MANews-(C)2009-2015

Swedish real estate company Fastighets AB Balder (STO: BALDB) has, as a partial payment for the sale of Tornet Landskrona, received 35% of Brinova Fastigheter AB and will together with Backahill AB become the main shareholder in a new company with focus on community properties and residentials, the company said.

The new group will initially have a property portfolio of around 40 properties with a value of over SEK 1bn. The property portfolio is geographically concentrated in southern Sweden.

Country: Sweden

Sector: Construction/Real Estate

Target: Brinova Fastigheter AB

Buyer: Fastighets AB Balder

Vendor:

Deal size in USD:

Type: Stakebuilding

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Stake received as partial payment for Tornet Landskrona

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Oct 30, 2015
Words:117
Previous Article:Deal snapshot: CEMTREX TO ACQUIRE US INDUSTRIAL AIR FILTRATION FIRM FOR USD 1.55M.
Next Article:Deal snapshot: NEWMONT CLOSES SALE OF NEW ZEALAND MINING OPERATION TO OCEANAGOLD.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters