Walthon Advokater has been the legal advisor to Odd Molly International AB (publ) (”Odd Molly”) in connection with the company’s divestment of the fashion business, whereby Odd Molly has entered into an agreement with We aRe Spin Dye (”WRSD”) regarding the sale of Odd Molly’s subsidiary Odd Molly Sverige AB. WRSD purchases 100 per cent of Odd Molly Sverige AB and payment is made by newly issued shares in WRSD, corresponding to a total value of approximately MSEK 166. The transaction also includes Used By International AB. Odd Molly intends to distribute the shares in WRSD to existing shareholders not later than Q3 2021.
Through the transactions, the remaining Odd Molly will purely be a real estate company with a focus on warehouse and logistics properties.
Walthon’s team mainly consisted of Patrik Essehorn, Maria Norrman and Louise Berlin.