On Wednesday 31 March 2021, Catena announced the successful completion of a directed issued of 3 million shares at a price of SEK 360 per share, raising gross proceeds of SEK 1,080m. In relation to the last reported long-term NAV per share, the price represented a premium of 47 per cent. Catena has a very strong history in project development, and in particular adapting logistics facilities to the tenant’s needs. In addition, Catena continuously evaluates and completes property acquisitions. Proceeds will be used to continue executing on the company’s growth strategy by investments in property development projects and property acquisitions, and to maintain Catena’s stable capital structure.
ABG Sundal Collier acted as Joint Global Coordinator and Bookrunner in the transaction.
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