Sveafastigheter Bostad becomes part of SBB, contributes 6,000 apartments in Greater Stockholm - SBB also makes a directed new share issue of 44.5 million Class B shares at a price of SEK 31.10
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires 100 percent of the shares in Sveafastigheter Bostad (“Sveafastigheter”) for a purchase price of SEK 2,770 million. The transaction is financed in half through an issue of 44,533,762 Class B shares at a subscription price of SEK 31.10 per share, and the remaining part is financed by SBB realising certain financial assets. SBB already today owns, including ongoing projects, approximately 2,000 apartments in Greater Stockholm and with this acquisition the portfolio grows to approximately 8,000 apartments. All in all, this makes SBB a