Announced
Financials
Tags
Pending
Private
logistics services
Cross Border
Friendly
Majority
Sweden
Third Party Logistics (3PL)
Acquisition
Single Bidder
Synopsis
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.
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