Catella AB (publ), through Catella Bank (currently in wind down), has had a holding of series A convertibles in Visa Inc. The holding has been converted to Series A preferred stock, which was divested as of March 2021.
The capital gains from the sales amounted to SEK 87 million. Additional information concerning the holding of series A convertibles in Visa Inc. present at balance sheet day, has caused a revaluation resulting in a positive value adjustment of SEK 81 million. The adjustment is accounted for in the post Other comprehensive income in Q4 2020 and affects the equity within the Group as of 31 December 2020.
The adjustment is solely due to a transaction with VISA dating from 2016 and accounts to Catella Bank which is winding down.
This is information that Catella AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 a.m. CET on April 8, 2021.
For more information, please contact:
Christoffer Abramson
Incoming CEO
+46 (0) 8 463 33 25
christoffer.abramson@catella.se
Mattias Brodin
CFO
+46 (8) 463 33 10
mattias.brodin@catella.se
Catella is a leading specialist in property investments and fund management, with operations in 13 countries. The group has assets under management of approximately SEK 130 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com