Catena AB (OM:CATE) completed the acquisition of Bockasjö AB from Bockasjö Capital Ab, Frankenius Equity AB and senior executives for approximately SEK 480 million.
October 04, 2023
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Catena AB (publ) (OM:CATE) agreed to acquire Bockasjö AB from Frankenius Equity AB, Bockasjö Capital Ab and other senior executives for approximately SEK 460 million on July 4, 2023. Bockasjö Capital Ab will sell 34% shares, Frankenius Equity AB will sell 34%, and senior executives will sell 32% stake in Bockasjö. Additional considerations based on future project of SEK 125 million will be paid via newly issued Catena shares. Joakim Hedin will leave his post as chief executive officer of Bockasjö AB. Bockasjö has three ongoing projects that will be completed after the acquisition, these will be divested to an external party upon completion and will not become part of Catena?s property portfolio. The deal is expected to close in October 2023. 1978980610 acted as legal advisor to Catena AB in the transaction.
Catena AB (publ) (OM:CATE) completed the acquisition of Bockasjö AB from Bockasjö Capital Ab, Frankenius Equity AB and senior executives for approximately SEK 480 million on October 4, 2023.
Catena AB is a Sweden-based company engaged in the real estate sector. The Company specializes in the acquisition, management and development of properties and logistics facilities. Its assets comprise offices, warehouses, stores and cold storages. The Company operates primarily in three areas: Oresund, Goteborg and Stockholm. Furthermore, its project portfolio includes: Haga Norra, which is responsible for the construction of a city district with housing, offices and commercial premises in Solna Municipality; as well as Urban gardening, which develops food cultivation in cities and filtration pools that are located on buildings roofs. The Company's subsidiaries comprise Catena Logistik AB, Catena Byggnads AB, Catena Fastigheter AB, Catena i Stenungsund AB, Catena i Vinsta AB, Catena i Taby AB and Queenswall AB.
Catena AB (OM: CATE) completed the acquisition of Bockasjö AB from Bockasjö Capital Ab, Frankenius Equity AB and senior executives for approximately SEK 480 million.