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

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.