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.
lobal presence in a number of selected\
application areas.\