Catena will today acquire and gain access to five logistics properties valued at a total of SEK 1.1 billion. The purchase consideration will be paid in part by means of 1,678,017 newly issued shares in Catena, making Kilenkrysset one of the five largest shareholders in Catena. Kilenkrysset and Catena are initiating a partnership in the logistics sector.
“Third quarter earnings are well in line with our strong second quarter. Our continuous stable cash flow makes it possible to continue developing the business primarily through new production.”
Catena AB (publ) ("Catena") hereby announces its offer to the shareholders of Klockarbäcken Property Investment AB (publ) ("Klockarbäcken") to acquire all shares in Klockarbäcken (the "Offer"). As a payment for their shares in Klockarbäcken, Catena is offering shareholders in Klockarbäcken newly issued shares in Catena. The value of the bid corresponds to SEK 110 per share in Klockarbäcken. All shareholders on Klockarbäcken's Board of Directors, including the two largest owners in Klockarbäcken, have stated that they intend to accept the Offer.
Catena has today signed a ten-year lease agreement with Cramo AB for 3,400 square meters. The property is expected to become operational during the spring of 2018. The annual rent amounts to approximately SEK 6 million.