B&B TOOLS AB : B&B TOOLS sells properties in western Sweden
The transaction will be conducted in the form transfers of limited liability companies. The purchaser will gain access to the properties immediately. It is estimated that the sales will generate a capital gain of approximately MSEK 15 and have a positive impact on cash flow of approximately MSEK 30 for the Group during the current financial year 2011/2012.
Stockholm, 28 March 2012
B&B TOOLS AB (publ)
For further information, please contact:
Mats Björkman, Vice President & CFO, B&B TOOLS AB, telephone +46 10 454 77 00
Mats Karlqvist, Head of Investor Relations, B&B TOOLS AB, telephone +46 70 660 31 32
B&B TOOLS provides the industrial and construction sectors in northern Europe with industrial consumables, industrial components and related services. The Group has annual revenue of approximately SEK 8.1 billion and approximately 2,900 employees.
This information is disclosed in accordance with the Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act or the regulations for issuers on NASDAQ OMX Stockholm.B&B TOOLS sells properties in western Sweden
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Source: B&B TOOLS AB via Thomson Reuters ONE