Scandinavian House Development SA (“SHSA” or the “Company”) has signed a letter of intent on June 17th 2015 to buy Swedish building and development company Kiwiline Fastigheter AB (“Kiwiline”) pursuant to due diligence procedures. The price for this projected acquisition shall be determined based on the results of an independent company evaluation. Kiwi is fully owned by the Bramstedt family. The current management of Kiwiline shall remain on board and guarantee the continuation of the creative and unique home and building design competences of the company. Kiwiline has developed ecological, sustainable and movable concept houses and modules with own design in particular for people who love
nature and have an active lifestyle. Over the last few years Kiwiline has negotiated housing project development partnerships with several Swedish golf courses. Göran Lindberg, Director of SHSA underlines: This is one step in the strategy to make our company more independent and stronger for using in-house designed quality products in the coming projects. We are looking forward to a successful and dynamic partnership with Kiwiline and its team under the roof of Scandinavian House”.
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
Exchange: NYSE Euronext Paris
Market: Marché Libre
Symbol : MLSHD
Disclaimer; Forward-Looking Statements:
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