2015-12-21 08:30
Fastighetsbyrån sells its shares in Hemnet
The Norwegian media group Schibsted acquires the housing site Hemnet. An agreement has been signed by all owners, which means that Schibsted buys 80 per cent of Hemnet, based on a company value of SEK 1.5 billion.
Fastighetsbyrån currently owns 34 per cent of the shares in Hemnet and will through an option acquire an additional 8 per cent of the shares. Fastighetsbyrån will sell all of these shares.
For the owner of Fastighetsbyrån, Swedbank, the sale results in a capital gain of about SEK 500 million that will be accrued to the bank's results in 2016 after the acquisition has received approval by the Swedish Competition Authority.
”Hemnet is a financial investment and we have received a very good offer by an owner that will develop Hemnet further in a way that benefits both customers and real estate brokers”, says Swedbank CFO Göran Bronner.
Swedbank AB (publ) is required to disclose this information pursuant to the Swedish Securities Markets Act (2007:528), the Swedish Financial Instruments Trading Act (1991:980) and/or the regulatory framework of Nasdaq Stockholm). This information was sent to be published on 21 December 2015 at 08.30 CET.