Trelleborg finalizes sales of property in Stockholm | Trelleborg Group

Trelleborg finalizes sales of property in Stockholm

At the beginning of 2007, Trelleborg entered into an agreement with Skanska for the sale of land in Södra Hammarbyhamnen, Stockholm, Sweden. A transfer payment of just over SEK 100 M was recognized in the first quarter of 2007.

Due to the detailed development plan now coming into effect, an additional purchase payment of just over SEK 200 M has been determined. The supplementary payment will result in a positive impact on cash balances and a capital gain of just over SEK 200 M for Trelleborg. This will be recognized in the second quarter of 2012.

The press release concerning the sale was published on January 31, 2007.