Kid – JV for new central warehouse

Kid ASA has through its Norwegian wholly owned subsidiary Hemtex Logistikk AS, entered into a commercial cooperation with Fabritius Gruppen AS regarding establishment of a joint venture for the purpose of constructing a new warehouse facility in Sweden. This includes a contemplated purchase of a plot (of land) in Borås municipality in Sweden and construction of a central warehouse and offices to be leased out to Kid’s Swedish wholly owned subsidiary, Hemtex AB.

CLP has assisted Kid in the process. CLP’s team includes Kjetil Vågen, Andreas Kildal, Christian Vestheim and Christine Schjerven.

Further information is available at the NewsWeb at Oslo Stock Exchange