SBB creates a residential subsidiary which will issue SEK 2.36 billion of preference shares
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has, through the newly established subsidiary SBB Residential Property AB[1], entered into a capital raise agreement with an investment fund managed by Morgan Stanley Real Estate Investing (“MSREI”). Pursuant to the agreement, SBB Residential Property AB will issue SEK 2.36 billion of preference shares ("Preference Shares”) to MSREI (the “Transaction”). The Preference Shares will be issued by an entity to be named SBB Residential Property AB forming a new group within SBB. Following the Transaction, MSREI will hold a minority stake in SBB