SBB acquires Odalen Fastigheter and becomes Sweden's largest developer of properties for elderly care - SBB also makes a directed issue of 3 million Class B shares at a price of SEK 70
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires 100 percent of the shares in Odalen Fastigheter AB (“Odalen”) for a purchase price of SEK 510 million. The transaction is financed through the issue of 3,000,000 Class B shares in SBB at a subscription price of SEK 70 per share, corresponding to a premium of approximately 26,2 percent compared with the closing price of the Class B share on 27 January, 2022, and the remainder is financed through existing cash. Odalen is a long-term property developer in elderly care and will be a strategic complement to SBB's existing