September 12, 2024 06:22 GMT
REAL ESTATE: Akelius Residential (AKFAST: BBB-): Asset sale
REAL ESTATE
- Positive: Akelius Residential is selling €187.7m worth of shares in Castellum to its parent company Akelius Apartments
- The proceeds of the sale will be used to repay debt.
- Currently, the company has around €3.3bn of liabilities so that would represent 5.5% of its debt.
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