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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 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).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:Jun 13, 2003
Words:112
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