STOCKHOLM, Sweden, Jan. 12, 2004 (PRIMEZONE) -- In a deal with Skanska Fastigheter Vast AB, JM AB and Skanska Sverige AB are selling part of the property Jordbromalm 4:11. The property is owned equally by JM AB and Skanska Sverige AB. The selling price amounts to SEK 20m and will provide JM with a capital gain of SEK 7m. This capital gain will be reported in the first quarter of 2004.
For additional information please contact: Soren Bergstrom, Head of JM Production business unit, JM AB, telephone +46 8 782 88 84 or Ove Sandin, Deputy Head of JM Production business unit, JM AB, telephone +46 8 782 87 17.
Stockholm, 12 January 2004 JM AB Corporate Communications
This and earlier press releases are also available at www.jm.se
JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,700 employees in Sweden, Norway, Denmark and Belgium, and sales in 2002 amounted to approximately SEK 9 billion. The company is Sweden's leading housing developer, and the core business is project development of residential and commercial properties in central areas of growth markets. JM's operations are characterised by a focus on quality and the environment.
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