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 http://www.m2.com
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|
|Date:||Jun 13, 2003|
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