15 June 2016 FASTATOR DIVESTS ITS LAST DIRECTLY OWNED PROPERTY HOLDING AND COMPLETES THE TRANSITION TO A STREAMLINED INVESTMENT COMPANY
Since the company was listed on Nasdaq First North in Stockholm in September 2015, Fastator has continued to develop its business operations to create an expansive investment company in the property sector. On 15 June 2016, the last-remaining directly owned property in Fastator’s wholly owned company Konkret Fastighetsutveckling i Sverige AB was divested.
“Due to this divestment, we can now proudly confirm that Fastator is the only streamlined investment company to be listed in Sweden with a full focus on the property sector. The value growth of the holding is very satisfying and divestment of the property in Åstorp will strengthen our acquisition capability in the local and entrepreneurial property projects that we are planning to invest in very soon,” says CEO Daniel Hummel.
Following Fastator’s acquisition of the properties in Åstorp in the third quarter of 2014, the holding has generated major shareholder value. The divestment assignment was managed by Cushman & Wakefield.
For more information, please contact:
Daniel Hummel, CEO
+46 (0)70 661 24 29
Erika Kveldstad, CFO
+46 (0)70 339 99 99
Aktiebolaget Fastator (publ) is an investment company specialised in the property sector. Fastator’s business concept is to invest in entrepreneurial, property-related companies and to contribute to the achievement of unrealised potential through active, long-term ownership. Fastator’s share has been traded on Nasdaq First North Stockholm since 24 September 2015. The company’s Certified Adviser is Erik Penser Bank AB (publ) , tel. +46 (0)8 463 80 00. This is information of the type that Fastator is obligated to disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 15 June 2016 at 4:15 p.m.