Listed Norwegian real estate group FBU announced that it has completed the purchase of units from the unit holders for NOK 348 mln (EUR 44 mln). The transaction is partly financed by loans for a total of NOK 195 mln from two of the group's existing banks, with collateral in the property purchased back from the unit holders.
Listed Norwegian real estate group FBU announced that it has completed the purchase of units from the unit holders for NOK 348 mln (EUR 44 mln). The transaction is partly financed by loans for a total of NOK 195 mln from two of the group's existing banks, with collateral in the property purchased back from the unit holders.
At the same time, the FBU Group has changed its bank relation for the Hundsund area. This refinancing resulted in better terms for the group, as well as extended maturity of the loans, reflecting the field's planned development pace. The refinancing has also contributed to a reduced number of banks related to the Group's activities in Fornebu.
