AB Sagax (OM:SAGA A) completed the acquisition of five properties in Finland and two properties in Denmark from AB Volvo (OM:VOLV B).
At the time of completion of the transaction, net financial debt in the Volvo Group's industrial operation is expected to be reduced by approximately SEK 1.9 billion. The transaction is expected to have a positive impact on Volvo group's operating income in the segment Trucks of SEK 200 million and in the segment Group functions, corporate functions and other of SEK 700 million in the second quarter of 2014. Johan Hessius, Nina Persson, Sanja Sjögren, Jens Söderlund et al, Jesper Johansson, Dennis Hansson, Carl Axel Morvay, Jens Malmqvist et al and Anders Moberg of Advokatfirman Lindahl acted as legal advisors for AB Sagax. Selinda Näse, Henrikki Tahkokallio and Malin Holm of Avance acted as legal advisor to Sagax.
AB Sagax (OM:SAGA A) completed the acquisition of five properties in Finland and two properties in Denmark from AB Volvo (OM:VOLV B) on April 10, 2014.