The letter of intent between Catena AB and Coop Logistik AB included the acquisition of part of the Aspestahult 1:1 property in Eskilstuna and the new construction of an approximately 105,000 square-metre automated warehouse. With reference to the new conditions now affecting the market, the parties have agreed that the terms of the letter of intent no longer apply.

“Given the external developments, we believe that the wisest way forward for us is to put this transaction on hold. We have a very good relationship with Coop and we look forward to a continued dialogue when the market has stabilised,” comments Benny Thögersen, CEO of Catena.