SBB sells a 49% stake in its social infrastructure portfolio for public education to Brookfield for SEK 9.2 billion in cash with an additional earn-out of up to SEK 1.2 billion in cash
· Depending on the value of the Earn-Outs achieved, the transaction price represents between a 2.7% discount and a 2.7% premium to the Book Value as of the third quarter of 2022.[1] · Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") contributes its SEK 44.9 billion[2] social infrastructure portfolio for public education to a newly formed SBB subsidiary EduCo AB[3] (“EduCo”). · Brookfield, one of the world’s largest infrastructure investors, through its open-ended core infrastructure fund (Brookfield Super-Core Infrastructure Partners), acquires a 49% minority stake in EduCo from SBB