BILIA COMPLETES PROPERTY SALE


BILIA COMPLETES PROPERTY SALE

Earlier this autumn, Bilia concluded an agreement on the sale of a property in Mölndal by divestment of Fastighetsbolaget Motorspinnaren AB to a subsidiary of Corem Property Group AB. Sales and service of BMW and MINI are conducted in the property. The parties have chosen to move the date of possession forward to 15 December 2010 and the sale is now completed. The capital gain will therefore be accounted for in the last quarter and is estimated at about SEK 17 M after tax. The book value of the property at mid-year was SEK 67 M.

 

Göteborg, 15 December 2010

Bilia AB (publ)

 

For further information, please contact Jan Pettersson, Managing Director and CEO, or Gunnar Blomkvist,

Chief Financial Officer, Bilia AB, Tel. +46 31 709 55 00.

 

The above information is disclosed in accordance with the Securities Market Act and/or the Financial

Instruments Trading Act. The information was published on 15 December 2010 at 12:30.

 


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