.
MergerLinks Header Logo

Announced

ICA Real Estate to acquire a 50% stake in Långeberga Logistik from Alecta Fastigheter for $117m.

Financials

Edit Data
Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Pending

Private

logistics services

Cross Border

Friendly

Majority

Sweden

Third Party Logistics (3PL)

Acquisition

Single Bidder

Synopsis

Edit

ICA Real Estate, a provider of real estate development services, agreed to acquire a 50% stake in Långeberga Logistik from Alecta Fastigheter, a real estate firm, for $117m. The acquisition gives ICA Real Estate sole right of disposal over the property and ICA Real Estate the ability to develop ICA’s largest logistics property in a more agile way. By virtue of its significance for ICA Gruppen’s operations, Långeberga has been reported as a subsidiary with a minority interest, which means that the acquisition of the minority owner’s shares will have a limited effect on ICA Gruppen’s financial position and result of operations.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US