Property investment company CLS has acquired almost 28% of the share capital of Catena for EUR 40 mln. The acquisition of the 3 million shares makes London-listed CLS the largest shareholder in Catena. The transaction sum is being paid partly in cash and partly through financed debt, Bloomberg reported.

Property investment company CLS has acquired almost 28% of the share capital of Catena for EUR 40 mln. The acquisition of the 3 million shares makes London-listed CLS the largest shareholder in Catena. The transaction sum is being paid partly in cash and partly through financed debt, Bloomberg reported.

Catena is a listed Swedish real estate company that owns and manages commercial properties in Sweden, Denmark and Norway. Catena's main tenant is Bilia, which is the leading company in the Nordic area for car sales and services. Bilia leases 93% of Catena's portfolio on long leases, the majority being in excess of 10 years and indexed.