Heimstaden Bostad Raises SEK 3,337 million in New Equity from Greater Manchester Pension Fund and Existing Shareholders
Heimstaden Bostad AB raises SEK 3,337 million (EUR 299 million) in new equity from UK-based Greater Manchester Pension Fund and existing shareholders. The proceeds will partly finance the announced SEK 10,107 million (EUR 907 million) bond buy back and will strengthen the company’s balance sheet. Councilor Gerald Cooney, Chairman of Greater Manchester Pension Fund, comments: “We are excited to partner with Heimstaden Bostad, a best-in-class residential real estate owner-operator with a strong track record. Their philosophy of creating long-term value by focusing on evergreen and