Business Services Industry
Saab Sells Real Estate Company
Business Wire, Dec 19, 2007
STOCKHOLM, Sweden -- Regulatory News:
Saab (STO:SAABB) is selling the real estate company Fastighets AB Jarfalla Veddesta 2:81 to Danske Renting AB to a purchase-sum of 665 MSEK. The profit amounts to approximately SEK 155 m., with a positive impact on cash flow by approximately SEK 140 m. The sale is a part of streamlining Saab's operations.
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers' changing needs.
Saab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 3.15 PM on December 19, 2007.
This information was brought to you by Cision http://newsroom.cision.com
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