Doxa AB (publ) ("Doxa") announced on 28 June 2024 that its subsidiary Serneke Group AB (publ) ("Serneke Group") has entered into an agreement with the German investment company Mutares SE & Co. KGaA regarding the sale of its construction business through a sale of all shares in Serneke Sverige AB (the "Company"). The preliminary purchase price amounts to approximately SEK 1.1 billion before adjustments for the Company's balance sheet at closing. Closing is subject to inter alia regulatory approvals.

Doxa is active within the real estate investments sector. The investment operation targets Swedish unlisted and listed real estate-related shares and other real estate-related assets, without limitation to property category, region or holding period. Through the sale, Serneke Group is streamlined into a project development business.

Gernandt & Danielsson advises Doxa and Serneke Group with a team lead by partner Fredrik Palm, senior associate Simona Stenborg and associate Einar Brunsberg, primarily assisted by partners Andreas Holmqvist (Employment), Foad Hoseinian (Competition) and Mikael Bolling (Financing), counsel Daniel McKiernan (Construction), senior associates Pierre Olsson (Corporate), Jakob Forsell (Financing), Mikael Nagy (Corporate) and Astrid Svensson (IT, Data Protection and IP) and associates Gustaf Hellberg (Corporate), Sofie Hallén (Regulatory), Sebastian Kjellkvist (Regulatory) and Siri Telmen (Corporate).