XANO sells real estate company in Skogås

XANO has today, via a subsidiary, sold all the shares in AB LK Precision Invest, owner of the industrial properties Fräsen 6 and Fräsen 7 at Länna industriområde in Skogås, just south of Stockholm.

The acquirer is Rexbo Gröna Industrihus AB, a real estate company developing and upgrading properties in the warehouse and light industry segment in Stockholm and Mälardalen. 

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 43 million and brings an estimated capital gain of SEK 39 million.

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.