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LjungbergGruppen AB to acquire Fastighets AB Celtica.

NORDIC BUSINESS REPORT-13 June 2003-LjungbergGruppen AB to acquire Fastighets AB Celtica(C)1994-2003 M2 COMMUNICATIONS LTD

Swedish property company LjungbergGruppen AB said on Friday (13 June) that it had decided to make a public offer for all shares in the property company Fastighets AB Celtica.

LjungbergGruppen's cash offer of SEK58 per share represents a premium of 16% and values Celtica at SEK136.8m.

Shareholders representing 71% of the share capital of Celtica have already accepted the offer, LjungbergGruppen said.

Celtica has no remaining activities.

One Swedish krona (SEK) is worth approximately 0.08 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:Jun 13, 2003
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