Catella announces divestment of property development project in DA1/4sseldorf, Germany; expects SEK170m positive effect on profit after tax.
NORDIC BUSINESS REPORT-October 3, 2019-Catella announces divestment of property development project in DA1/4sseldorf, Germany; expects SEK170m positive effect on profit after tax
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Catella AB (STO:CATB), a specialist in property investments and fund management, announced on Wednesday that through its associated company Nordic Seeding GmbH it has signed an agreement with German Real Estate developer CG Gruppe AG to divest the property development project Grand Central in Dusseldorf, Germany.
This deal will have a positive effect on profit after tax of approximately SEK170m...
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