Borgestad ASA - Completion of sale-leaseback transaction for production facilities in Sweden
Lysaker, 14 October 2026: Reference is made to the stock exchange announcement by Borgestad ASA (the "Company" and, together with its consolidated subsidiaries, the "Group") published on 27 October 2023 regarding the conditional agreement entered into by the Company's indirect subsidiary Höganäs Bjuf Fastighets AB ("HBF") and Bjuv municipality for the sale and leaseback of two properties in Sweden, where the Group's production plant and other production facilities for refractory products are located (the "Transaction"), subsequent stock exchange announcements regarding the approval of the Transaction by Bjuv municipality, and the announcement published on 7 October 2026 regarding the signing of the final share purchase agreement for the Transaction.
The Company is pleased to announce that the Transaction has today been successfully completed. Prior to completion the two properties were transferred to HBF's wholly owned subsidiary Höganäs Bjuf Centrumsfastigheter AB (previously named Goldcup 40423 AB), and HBF has today transferred all of the shares in Höganäs Bjuf Centrumsfastigheter AB to Bjuv municipality. The Group will lease the production facilities back to continue its production of refractory products in line with previous practice. For further information regarding the Transaction, please refer to the Company's stock exchange announcement published on 7 October 2026.
For further information, please contact: Pål Feen Larsen, CEO of Borgestad ASA Tel.: +47 48 84 53 33
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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About Borgestad| www.borgestad.no Borgestad ASA (OSE:BOR) is an investment company focused on real estate and industry. The key investments include Agora Bytom shopping center and the leading refractory manufacturer Höganäs Borgestad.
About Höganäs Borgestad | www.hoganasborgestad.com Höganäs Borgestad develops, manufactures and delivers refractory products, installations and turnkey solutions that enhance the productivity and competitiveness of industrial customers. The aim is to contribute to the customers' profitability by providing high-value refractory solutions to their challenges. Today, the company is a leading supplier in the refractory market of the Nordic countries and has a global presence in a number of selected application areas.