Pandox Divests Hotel in Kiruna
Pandox has entered into an agreement to divest the hotel property Hovmästaren 1 (Scandic Ferrum) in Kiruna for EUR 28M. The buyer is the state-owned mining company LKAB and the date of transfer is planned to December 1st 2018.
The divestment is a consequence of the on-going move of parts of the city of Kiruna to enable mining of ore beneath the ward of Norrmalm, where the hotel property is located.
Maria Olsson Äärlaht