Cederquist advises Bonava Norge AS, a wholly-owned subsidiary of Bonava AB (publ), in connection with the acquisition of 100% of the shares in Urbanium AS for a purchase price of NOK 608 million on a cash and debt free basis.
Urbanium has since 2003 developed and sold housing in Oslo as well as in central urban areas in the Oslo region. In recent years, the company has purchased and developed an attractive land bank with the potential for completion of nearly 1,000 homes over the next 7 years. Urbanium has 7 employees and sales of approximately NOK 247 million in 2018.
The acquisition is