SBB dissolves additional joint ventures with a total property value of SEK 2,162 million
During December, Samhällsbyggnadsbolaget i Norden AB (“SBB”) acquired its co-owners' 50 percent shareholdings in two joint ventures with Magnolia Bostad and Sveaviken with a total property value of SEK 2,162 million as per the latest external valuation. In connection with the acquisitions, SBB receives a positive total liquidity effect of SEK 5 million after payment of the purchase price and repayment of down payments linked to uncompleted deals in the jointly owned companies. The joint ventures have been financed with bank debt and loans from SBB. Bank debt of approximately SEK 990 million