Hafslund Completes $58 Million Sale Leaseback of 15 Properties in Oslo

Hafslund Web Site - December 22, 2006

Hafslund has sold 100 percent of the shares in the company Hatros I AS to RBS Nordisk Renting for NOK 362 million ($58 million). The company is a single purpose company with 15 properties in Oslo. The properties mainly consist of transformer stations with surrounding areas.

Hafslund will lease back part of the properties for a period of 15 years with an option for extension, and will be responsible for the technical and building related maintenance of the properties during the period. The sale gives an accounting profit before tax of about NOK 290 million. Sphere: Related Content