BILIA SELLING REAL ESTATE IN DENMARK
Bilia has signed an agreement relating to the sale of real estate in Copenhagen to a subsidiary of the Corem Property Group, a company that is listed on the NGM Stock Exchange. The price of this real estate is SEK 278 million and the new owner will take possession on 1 September 2008. In connection with the sale Bilia will sign long rental agreements. At the same time Bilia will leave two promissory notes of SEK 45 million, with an interest of 5.35% and with a duration of 5 and 8 years. An agreement has been signed to sell additonal real estate in Copenhagen to another buyer with access on 1 August 2008. Bilia’s operation has moved into other existing premises in Copenhagen, and therefore the real estate is sold without rental agreement. This sale is expected to result in a profit after tax of approximately SEK 35 million. Catella Corporate Finance and Advokatfirman Vinge has acted as Bilia’s advisers in these transactions.
Göteborg, 11 July 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.
The above information is provided in accordance with the legislation relating to the securities market and/or the legislation relating to trade with financial instruments. This information was made available to the public on 7 April at 4.45 pm.
