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K-Fast Holding AB Class B ( ($SE:KFAST.B) ) has provided an update.
K-Fast Holding AB has signed a letter of intent to divest a property portfolio in the Gothenburg area, involving 681 apartments, to an institutional investor. This transaction, valued at SEK 1,888 million, is expected to enhance K-Fastigheter’s liquidity by SEK 592 million over the next few years, aiding in balance sheet strengthening and enabling new construction projects.
More about K-Fast Holding AB Class B
K-Fastigheter is a multifaceted property company operating in the construction and property management sectors. It focuses on delivering cost-efficient housing solutions through its in-house developed concept houses and provides complete frame solutions via its subsidiary K-Prefab. The company also manages a significant property portfolio with an emphasis on housing and holds a majority stake in Brinova Fastigheter AB, a prominent property firm in southern Sweden. K-Fastigheter’s B shares are traded on Nasdaq Stockholm.
Average Trading Volume: 159,863
Current Market Cap: SEK2.64B
Find detailed analytics on KFAST.B stock on TipRanks’ Stock Analysis page.
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