Solon Eiendom ASA becomes part of SBB, contributes strong land bank in Oslo – SBB also makes a directed new share issue of 17 million Class B shares at a price of SEK 66
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has today, on 9 November 2021, entered into an agreement to acquire 51,106,538 shares corresponding to 62.65% percent of the shares in Solon Eiendom ASA (“Solon”) for a total purchase price of NOK 2,248,687,672. The transaction is financed in half through an issue of 17,035,513 Class B shares at a subscription price of SEK 66 per share, and the remaining part SEK 1,124,343,836 is financed by SBB realising certain financial assets. Following the acquisition, SBB will own 68,005,231 shares in Solon, corresponding to 83.36% of the shares