An undisclosed buyer entered into an agreement to acquire 70% stake in Stenhus Uttern Holdco Ab from Stenhus Fastigheter i Norden AB (OM:SFAST).

An undisclosed buyer entered into an agreement to acquire 70% stake in Stenhus Uttern Holdco Ab from Stenhus Fastigheter i Norden AB (publ) (OM:SFAST) on June 27, 2024. In another transaction, Subsidiaries of Stenhus and the buyer of the shares in the JV company have also entered into another share transfer agreement, whereby the buyer has acquired all the shares from Stenhus in a property company that owns two investment properties within the same segment. Through the deals, Stenhus will receive a total purchase price for the divested shares of approximately SEK 33.2 million and repayment of borrowed funds to the divested companies of a total of approximately SEK 158.5 million.

The proceeds from the sale will be used to repay secured loans and thereby strengthen Stenhus' financial position and reduce the company's interest costs.