Heimstaden AB acquires properties, transfers properties to Heimstaden Bostad AB and contemplates issuance of hybrid bonds
Heimstaden AB (publ) (“Heimstaden” or the “Company”) has entered into an agreement to acquire properties in the Netherlands at a purchase price of EUR 1.4 billion (the ”Acquisition”) and transfer of properties and agreements on property projects in Denmark and Sweden at a value of SEK 16 billion (the ”Transfer”) to its subsidiary Heimstaden Bostad (publ)1 (”Heimstaden Bostad”) (The Acquisition and the Transfer are mutually referred to as the “Transactions”). The Transactions in brief: · Heimstaden acquires, through a company acquisition, 536 residential properties in the Netherlands at a