Heimstaden AB (publ) Divests Danish Development Projects to Fredensborg 32 AS
Heimstaden AB (publ) (“Heimstaden”) has today agreed to divest all of its shares in Thors Have MidCo ApS, Næsbyvej MidCo ApS and Atriet ApS (the “Target Companies”) to Fredensborg 32 AS (“Fredensborg”) for a total gross purchase price of DKK 849 million and cash at closing of approximately 341 million on a cash and debt free basis (corresponding to approximately SEK 1,308 million and SEK 525 million*, respectively). The transaction is expected to close in February 2025.The Target Companies are, directly or indirectly, the holders of newly finalized or ongoing residential real estate