Sweden sells property giant Vasakronan

AFX - [email protected] • 3 Jul, 2008 Updated Thu 3 Jul 2008 11:37 CEST

Sweden said on Thursday that it had sold real estate firm Vasakronan to AP Fastigheter for an undisclosed sum as part of the country's biggest ever privatization programme.


Financial Markets Minister Mats Odell did not give a sum for the sale, but said the government had got "a very good price" and that the deal made good industrial sense.

AP Fastigheter is the real estate arm of the country's state pension funds.

Odell said the value of property sold in the deal was 41.1 billion kronor ($6.9 billion).


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also