Bure sells its shareholding in Västsvenska Bygge och Bostad
12/17/1996 6:00 AM EST
- continued concentration of investement operations
Investment AB Bure has sold its 44 per cent holding in Västsvenska Bygge och
Bostad Intressenter AB (VBI). Buyer is the management of VBI. The sale means a
further step in the concentration of Bure´s investment operations. Following
the divestment, VBI is owned by its management and by Förvaltnings AB
Framtiden.
During the period of Bure´s ownership, Västsvenska byggeoch Bostad has been
developed into a concentrated construction company. In recent years, the
subsidiary, GEAB in particular has expanded by incorporating supplementary
operations, but also through a strengthened market position.
"Bure has contributed actively to making possible a privatisation of the
company which will now be able to continue to develop into a competitive
cnstruction company with a dedicated management, " says Ole Johansson of
Investment AB Bure.
Bure´s operations are today concentrated on the Sectors Bure Health Care, Bure
IT/InfoMedia and Bure Investments. As a step in this strategy of
concentration, several divestments have been made which have also led to the
fact that Bure Utveckling in its present form, as declared in the 9-Month
Report, will be wound up at the end of the year.
Gothenburg, 17 December 1996
Investment AB Bure (publ)
For futher information, please contact:
Ole Johansson, Investment AB Bure +46 31-36 76 35
Bengt Persson, Managing Director, Västsvenska Bygge och +46 31-748 15 00
Bostad Intressenter AB
Hans-Eric Melin, Investor Relations +46 31-35 76 51