Real estate firm Corem repurchased 1.21 million Class B shares, along with smaller tranches of Class D and preferred shares, on March 26. Consequently, its total treasury shareholding now stands at just over 5.03% of all outstanding shares, triggering a mandatory disclosure for crossing the ownership threshold.
The buybacks are being executed under a program of up to 150 million kronor, which is set to run until April 23.
Corem Property Group AB is a Sweden-based company engaged in the acquisition, management, development and renewal of industrial, storage, logistical and commercial real estate in Sweden and Denmark. The Company’s property portfolio comprises properties primarily located in the south of Sweden, in regions such as Rosersberg and Arninge in Stockholm, Oresund, Vast, Smaland and Malardalen/Norr, as well as in Copenhagen, Denmark. The Company operates Corem AB as a wholy owned subsidiary.
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