Redeye provides a comment following yesterday’s announcement from Catella regarding the divestment of Kaktus. The EBIT contribution from the transaction will amount to cSEK260m, with completion expected in the second quarter. The divestment reinforces our view of Catella’s rock-solid balance sheet and should serve as a point in case to convince the market. Both the timing and price of the transaction are in line with our expectations, and although we are making no changes to our estimates or valuation, we expect the stock to trade up distinctly today.
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