UNION Residential Development fund managed by Union Eiendomskapital AS reached an agreement to acquire Bonava Norge A/S from Bonava AB (publ) (OM:BONAV B) for SEK 1.5 billion on June 12, 2023. The purchase price amounts to SEK 1.5 billionn where of SEK 800 million is to be paid when the deal is finalized, while the remainder is to be paid out in tranches, with the main part in 2024 and 2025. The net financial impact amounts to SEK 700 million and will be recognized during the second quarter of 2023. The deal is pending approval from Norwegian authorities. If the deal is not finalized by the end of the second quarter of 2023, the business unit will be reported as assets held for sale by Bonava. The deal is expected to close no later than the third quarter of 2023.

UNION Residential Development fund managed by Union Eiendomskapital completed the acquisition of Bonava Norge A/S from Bonava AB (publ) (OM:BONAV B) on June 30, 2023.