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An update from K-Fast Holding AB Class B ( ($SE:KFAST.B) ) is now available.
K-Fast Holding AB has finalized an agreement to divest a property portfolio in the Gothenburg area to an institutional investor. The transaction, valued at SEK 1,888 million, is expected to provide a net liquidity contribution of SEK 592 million, which will be used to strengthen the company’s balance sheet and enable new construction starts. The deal highlights the competitiveness of K-Fastigheter’s concept houses and marks a strategic focus on its contracting business, with plans to expand through a joint venture with the investor to manage and grow a property fund.
More about K-Fast Holding AB Class B
K-Fast Holding AB is a Swedish company operating in the construction and property management sectors. It focuses on delivering completed homes through its construction segment, utilizing in-house developed concept houses to enhance cost efficiency and reduce construction times. The company also manages a property portfolio with a focus on housing and holds a significant stake in Brinova Fastigheter AB, a leading property company in southern Sweden.
Average Trading Volume: 209,370
Current Market Cap: SEK3.01B
Learn more about KFAST.B stock on TipRanks’ Stock Analysis page.