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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: FFBH
Provider: Sadif Analytics Prime

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2E Group sells Wallmans CB to Balder Danmark

Tuesday, 6 May 2014 08:39am EDT 

2E Group AB:Says it divested all shares in subsidiary Wallmans CB A/S to Balder Danmark APS in April.The sale became effective on May 2.Wallmans CB was the owner of Cirkusbygningen in Copenhagen, which was sold to Fastighets AB Balder.Through the sale of property is enhanced liquidity in 2E Group with approximately 56.5 million Swedish crowns.Given that it is the company Wallmans CB A/S that is transferred, there is no capital gains tax, since capital gains on unlisted shares, including shares in intergroup companies, are exempt from taxation.In connection with the sale, a long-term lease for 20 years was signed, which ensures 2E Group's and Wallmans' future in the Cirkusbygningen in Copenhagen. 

Company Quote

0.1 +0.39%
6:56am EDT