Born has acted as legal adviser to the listed company Catena AB (publ) in connection with a directed share issue of just over SEK 2.1 billion. The issue was carried out without any discount to the market price and results in a dilution of 9.9%. The proceeds will support Catena’s continued expansion as Sweden’s leading logistics property company.
The issue is directed to WDP (Warehouses de Pauw NV), a publicly listed logistics and real estate company active across Europe. The transaction marks the beginning of a strategic partnership between Catena and WDP, with potential collaboration opportunities in areas such as sustainability and project development within the European logistics real estate market.
As a next step, WDP’s CEO Joost Uwents is proposed to be elected to Catena’s board of directors at the upcoming annual general meeting.