Catena has purchased Klövern’s 29,55 percent of Tribona and has placed a bid on the remaining shares in the company.

A number of minority shareholders in Tribona, holding approximately 32,5 percent of the share capital, have committed to be a part of the deal, which means that Catena has secured approximately 62 percent of the shares in Tribona.

Corem recently placed a bid of SEK 42 per share in Tribona – the payment would however partially be made through newly issued preference shares in Corem.

Catena’s bid is also SEK 42, alternatiely 375 newly issued Catena shares for every 1,000 existing shares in Tribona, which is equivalent to SEK 45 per Tribona share. Klövern divested their part in Tribona for SEK 42 per share.

“The new group gets a property portfolio of 83 properties with a property value of approximately SEK 10 billion. The property portfolio has a good geographical distribution around vital logistics hubs and metropolitan areas. A larger portfolio increases the possibility of a rational management. The number of tenants increases and the company is supplied with new customers and target audiences. The creation of one of Sweden’s largest real estate companies within logistic and storage properties and the increase of share holders is also expected to improve the liquidity in Catena’s shares, which is valuable to the share holders in both Catena and Tribona” says Catena’s CEO Gustaf Hermelin.