BILIA SELLING REAL ESTATE IN COPENHAGEN
Bilia has utilised its option and acquired the real estate company A/S Selandia Ejendomsselskab, which owns real estate holdings in Copenhagen at which Bilia runs operations. At the same time, an agreement has been reached to divest one piece of this real estate, Lyngby, to take effect on 1 August 2008. The book value of these real estate holdings is approximately SEK 300 million, of which the property in Lyngby accounts for around SEK 30 million. The sale of the real estate in Lyngby is expected to result in a profit before tax of approximately SEK 10 million. The sales process relating to the remainder of the real estate in Copenhagen and Sweden is in progress and is expected to be completed by the end of June 2008.
Göteborg, 2 April 2008
Bilia AB (publ)
For further information, please contact Bilia’s managing director, Jan Pettersson, or its CFO, Gunnar Blomkvist, Bilia AB, phone +46 31 709 55 00.
