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BRIEF-Entra: acquisition of Skanska's 50 pct share of Sundtkvartalet in Oslo
July 5, 2017 / 6:15 AM / 4 months ago

BRIEF-Entra: acquisition of Skanska's 50 pct share of Sundtkvartalet in Oslo

July 5 (Reuters) - ENTRA ASA

* REG-ENTRA ASA : ACQUISITION OF SKANSKA‘S 50 % SHARE OF SUNDTKVARTALET IN OSLO

* TRANSACTION IS BASED ON A PROPERTY VALUE OF NOK 1,590 MILLION

* DEVELOPMENT OF PROPERTY HAS BEEN ORGANISED THROUGH A JOINT VENTURE WHERE ENTRA AND SKANSKA OWNS 50 % EACH

* CLOSING IS EXPECTED TO TAKE PLACE ON 30 SEPTEMBER 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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