Balder announces directed issue of 18 million Class B shares raising proceeds of approximately SEK 1.2 billion
The board of directors of Fastighets AB Balder (publ) (“Balder”) has, based on the authorization granted by the annual general meeting on 11 May 2023, resolved to carry out a directed cash issue of 18 million Class B shares at a subscription price of SEK 64.85 per share.The shares in the new issue have been subscribed for by AMF and Swedbank Robur. Through the new issue, Balder will receive SEK 1,167,300,000 before issue costs which are estimated to amount to approximately SEK 50,000. The proceeds enable the repurchase of up to EUR 200 million of Balder’s outstanding hybrid capital of