Closing of property sales in Scana Property
With reference to the announcement issued on 10 October 2016 it is now confirmed that the announced sale of properties is carried out according to contract. The sale consists of two properties owned by Incus Investors´ subsidiary Scana Property SSA AS. The contract price is 71,0 MNOK of which 67.0 MNOK of cash settlement. Remaining sellers credit of 4.0 MNOK is running after agreed terms.
The sale will have a positive effect for incus Investor of approximately 48 MNOK in profit, and a positive effect on liquidity.
Scana Property SSA is part of the real estate portfolio Scana Property AS in Strand. Scana Property AS will after the completion this sale continue to own a substantial property portfolio in the municipality.
Scana Property AS owns, develops and leases properties in Norway to sister companies and external tenants.
For further information, please contact:
- Bjørn Torkildsen, CEO Incus Investor ASA, mobile phone. +47 919 19 742
- Kjetil Flesjå, CFO Incus Investor ASA, mobile phone. +47 900 41 213
- Raymond Gabrielsen, CEO Scana Property AS, mobile phone. +47 917 32 112
This information is subject of the Securities Act Act 5-12