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| Name | Symbol | Market | Type |
|---|---|---|---|
| Fabege AB (PK) | USOTC:FBGBY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.296858 | 18.296858 | 18.296858 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
Swedish property company Fabege AB (FABG.SK) said Friday its co-owned company Rasta Holding has divested land worth SEK630 million for the construction of the Mall of Scandinavia shopping centre in Solna, Sweden, as part of a transaction with Unibail-Rodamco S.A. (UL.FR).
MAIN FACTS:
-In conjunction with the transaction, Fabege is also acquiring, from Rasta Holding, the right to develop 45,000 square meters of office space at a value of SEK70 million.
-Fabege owns most of the existing commercial properties in Arenastaden, where the Mall of Scandinavia is to be built, and the company said in a statement that the transaction boosts the attractiveness of the area.
-"The fact that the Mall of Scandinavia now will be realised feels incredibly inspiring and very exciting. It will accelerate the development of Arenastaden and it constitutes a key component in the plan to achieve the vision of Arenastaden as the meeting place for companies of the future," Christian Hermelin, CEO of Fabege said.
-Shares closed Thursday at SEK51.60.
-By Niclas Rolander; Dow Jones Newswires; +46-8-5451-3102; niclas.rolander@dowjones.com
1 Year Fabege AB (PK) Chart |
1 Month Fabege AB (PK) Chart |
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