AB Sagax (OM:SAGA A) agreed to acquire five properties in Finland and two properties in Denmark from AB Volvo (OM:VOLV B) for SEK 290 million on March 28, 2014. In a related transaction, Söderport Fastigheter AB entered into an agreement to acquire portfolio of 12 properties from AB Volvo for SEK 1.8 billion on March 27, 2014. Sagax will issue 3 million preferred shares as part of both the transactions. The transaction is subject to approval from Swedish Competition Authority and regulatory approval and is expected to close during the second quarter of 2014.

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.