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28 May 2012

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Sweden sells Vasakronan property group to domestic AP fund for e4.4bn

The Swedish government has finally announced the sale of the state-owned property company Vasakronan to AP Fastigheter, one of the country's large state pension funds focused on real estate, for a price of SEK41.1bn (e4.4bn). It intends to use the proceeds to amortise public debt.

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