Star Development LLC signed an agreement to acquire St. Petersburg operations Of bonava from Bonava AB (publ) (OM:BONAV B) on October 18, 2023. Closing of the divestment is subject to the approval of the Russian competition authority, which is expected in the fourth quarter of 2023.Bonava has received the transaction amount of ?50 million from the counterparty?s Swiss bank to Bonava?s account in Stockholm.

Star Development LLC completed the acquisition of St. Petersburg operations Of bonava from Bonava AB (publ) (OM:BONAV B) for ?50 million on November 14, 2023.