XANO signs agreement for sale of real estate company in Jönköping

XANO has today signed an agreement to sell all the shares in XANO Fastigheter Ljungarum AB, owner of an industrial property in Jönköping, Sweden.

The acquirer is Nivika, a Swedish real estate company with the aim of owning, managing and developing properties long term and at the same time creating profitable and sustainable value growth. 

On an ongoing basis, the divestment will have a small impact on XANO's earnings and financial position. The purchase price, which is paid in cash, amounts to SEK 73 million and brings an estimated capital gain of SEK 65 million during the fourth quarter.

The transfer date is scheduled for 28 October 2024.

The sale entails an increased capital scope and is part of XANO's continued work with aggressive transformation through investments in product development and innovations as well as through acquisitions and establishment in new geographical areas and market niches.