STOCKHOLM, Sweden, Dec. 11, 2003 (PRIMEZONE) -- Tornet: Lehman Brothers Real Estate Partners, L.P. with associated funds and Ratos is completing its recommended offer to Tornet's shareholders, through the jointly-owned company LRT Acquisition. Tornet will thereby have a new main owner with 81.4 per cent of the total number of shares in the company.
For more information, please see Ratos and Lehman's press release which is available on Ratos website www.ratos.se.
Fastighets AB Tornet (publ) For further information, please contact: Sverker Lerheden, Managing Director, Fastighets AB Tornet +46-8-544 905 00 Britt-Marie Einar, IR Manager, Fastighets AB Tornet +46-8-544 905 08, +46-70-576 92 08
Fastighets AB Tornet is one of Sweden's major listed property companies. Its Swedish holding has a lettable area of around 2.8 million square metres and a book value of over SEK 19 billion. Almost 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities and in Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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