SBB completes second closing of social infrastructure transaction for public education portfolio with Brookfield and receives additional SEK 2.1 billion in cash
On 30 November 2022, Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) communicated an unconditional sale of a 49 percent stake in its social infrastructure portfolio for public education to Brookfield for SEK 9.2 billion with an additional earn-out of up to SEK 1.2 billion. The transaction is completed in three steps where the first step was completed on 18 January 2023, whereby SBB received SEK 6.6 billion in cash. The second part of the deal was completed today and SBB received an additional SEK 2.1 billion in cash payment. The proceeds from the sale will be used to repay existing