NEA, which Segulah III L.P. acquired in October 2006, has reached an agreement with the property company Sagax to sell all of its 25 properties.
The board of NEA has decided that the ownership of NEA’s properties is not strategically important for NEA and that the financial resources that will be released can better be invested in the NEA electrical installation and wholesale business.
In order to secure control of its business premises NEA has signed a lease with Sagax with 15 years average maturity.
NEA will receive MSEK 348. The transaction is expected to close in March.
Advisors to NEA and Segulah have been Åke von Ajkay and Kurt Eriksson.
For further information, please contact:
Partner in AB Segulah (publ.)
Tel: +46 (0)8 442 89 50
Mobile: +46 (0)733 60 42 05
Tel: +46 (0) 42 34 70 21
Mobile: +46 (0)705 75 81 15