Nordic Business Report-April 12, 2006-Kungsleden Fastighets AB signs letter of intent on property deal
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The Swedish property company Kungsleden Fastighets AB said on Wednesday (12 April) that it has signed a letter of intent with an unnamed party regarding the sale of commercial properties and purchase of public properties.
The proposed deal, expected to be confirmed before the second half of the year, covers the sale of properties for SEK4.3bn, and the acquisition of properties for some SEK300m.
The proposed deal is expected to result in a gain of some SEK650m.
No further details have yet been disclosed.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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