KMC Properties ASA (OB:KMCP) entered into an agreement to acquire four properties portfolio in Finland and Denmark from BEWi ASA (OB:BEWI) for approximately NOK 320 million on March 31, 2023. The consideration will be paid in combination of NOK 200 million of cash and through issuance of 20.24 million shares of KMC Properties.

KMC Properties ASA (OB:KMCP) completed the acquisition of four properties portfolio in Finland and Denmark from BEWi ASA (OB:BEWI) on March 31, 2023. Danish light industry property has rental income of DKK 3.5 million and 3x Finnish light industry properties has rental income of ?1.6 million. Following the share issue, BEWI holds 8.4% of the outstanding shares in KMC Properties.