In accordance with the company’s previous press release of 22 February 2021, Catena has now gained possession of six logistics properties valued at SEK 815 million with deferred taxes having been deducted. Under the authorisation given to the Board of Directors by the 2020 Annual General Meeting, 527 911 new shares in Catena will now be issued.
Catena is acquiring six logistics properties for a combined property value of approximately SEK 815 million following deductions for deferred taxes. The purchase consideration will be paid in part through newly issued shares in Catena.
Catena showed strong earnings for 2020, maintaining a stable cash flow trend and high value growth. While the Corona pandemic has entailed everyday challenges for Catena, it has also brought new business opportunities and growing interest in logistics properties.
Catena is investing a further SEK 300 million in the Morgongåva business park after today signing an agreement with Morgongåva Företagspark regarding a new project to construct another e-commerce facility in the area.