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.