SBB acquires 20.08 % of the shares in JM – JM becomes an associated company to SBB
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB” or the ”Company”) has today acquired 13,975,000 shares in JM AB (“JM”) at a price of SEK 326.30 per share from OBOS, corresponding to SEK 4.56bn. The transaction corresponds to 20.08 percent of the shares and votes in JM, thus making it an associated company to SBB. SBB’s profit from property management is expected (based on JM’s profit for the period April 2020-March 2021) to increase by approximately SEK 300 million on an annual basis as a result of the acquisition. SBB is the Nordic region’s leading society builder and largest property