Serneke secures financing for Karlatornet in a structural transaction with Balder
On December 17, 2020, Serneke and Fastighets AB Balder (“Balder”) have entered into a share purchase agreement in which Balder acquires 50 percent of the shares in Karlatornet AB (the “JV Company”). The transaction means that Karlatornet, which will become the Nordic region’s tallest building, is fully financed. In addition, Balder has subscribed for 2,300,000 series B shares in Serneke at a subscription price of SEK 53, which makes Balder the sixth largest shareholder in Serneke. As a part of the transaction, Balder also acquires approximately 100,000 square meters of building rights from