December 16, 2016 / 3:19 PM / in 7 months

BRIEF-Swedbank's Fastighetsbyran sells its shares in Hemnet

1 Min Read

Dec 16 (Reuters) - Swedbank

* Fastighetsbyran sells its shares in Hemnet

* Says Fastighetsbyran currently owns 34 per cent of shares in hemnet and will through an option acquire an additional 8 per cent of shares

* Fastighetsbyran will sell all of these shares.

* Says acquisition is not conditional on any regulatory approvals and is expected to be completed in january 2017.

* Says for owner of Fastighetsbyran, Swedbank, sale results in a capital gain of about SEK 650 million that will be accrued to bank's results in Q1 2017

* Says global growth equity firm General Atlantic, in partnership with a consortium led by investors Pierre Siri and Henrik Persson, has signed an agreement with all owners to acquire housing site Hemnet for approximately SEK two billion Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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