BICO Group AB (“BICO”) has completed the divestment of its property in Oulu, Finland, through the sale of BICO Real Estate Oy to Logistea AB (“Logistea”). The total sales price amounts to EUR 3.5m, representing an estimated premium of 10% above book value.
The building was an investment tied to Ginolis, a former daughter company to BICO with operations in Oulu, Finland. Ginolis was divested in November 2023, which was in line with the Group’s strategy. As part of that divestment, this facility was carved out and transferred into BICO Real Estate Oy.
This divestment means that BICO Real Estate Oy has been transferred to Logistea.
The transaction will generate a positive contribution to the company's cash flow in the first quarter of 2026.