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Catella divests development project with a positive effect on profit after tax of approx. SEK 170 M during the fourth quarter

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Catella AB (publ) has, through its associated company Nordic Seeding GmbH, signed an agreement, with German Real Estate developer CG Gruppe AG, to divest the property development project Grand Central in Düsseldorf, Germany. The deal has a positive effect on profit after tax of approximately SEK 170 M during the fourth quarter 2019.
Catella AB’s investment was conducted through the associated companies Nordic Seeding GmbH and Grand Central Beteiligungs GmbH. The project has been developed and managed by Catella’s German subsidiary Catella Project Management GmbH.

“The realisation of the

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Source: Catella divests development project with a positive effect on profit after tax of approx. SEK 170 M during the fourth quarter

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