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Logistea AB acquiring KMC Properties’ operations

Logistea AB acquiring KMC Properties’ operations

All operations in the KMC Properties group, including properties and property management organisation, have been acquired by the Nasdaq Stockholm listed real estate company Logistea AB. The combined company will form a leading Nordic logistics, warehouse and light industrial real estate company with strategic focus on long-term growth, financial stability and sustainability.

The transaction will be settled in newly issued shares in Logistea AB, which will be distributed to KMC Properties ASA shareholders. Approximately 80 per cent of the shares will be distributed from 18 July 2024, and the remaining shares is expected to be distributed in the third quarter or early in the fourth quarter 2024.

KMC Properties ASA will, following the transaction, pursue opportunities which will have a different profile than the combined company formed in Logistea AB. The company will remain listed on the Oslo Stock Exchange with Stig Wærnes as CEO.