R8 Property ASA exercised its option to acquire 83.45% stake in Inkognitogaten 33 A AS for approximately NOK 150 million on May 26, 2021. As a result of the transaction, R8 Property ASA will own 91.73% of Inkognitogaten 33 A AS. Funding and completion of the transaction is expected on June 30, 2022. As on May 5, 2022, the transaction is expected to complete in Q3 2022.
Recreate ASA and existing shareholders in Inkognitogaten 33 A AS have postponed the completion of transaction from June 30, 2022 to July 15, 2022. The postponement is caused by a need for more time to formalize the secured financing of the transaction.

Recreate ASA (OB:RCR) completed the acquisition of a 83.45% stake in Inkognitogaten 33 A AS on July 15, 2022.