Heimstaden Bostad strengthens financial position through SEK 4 billion share issue
Heimstaden Bostad AB today announces that authority has been granted by the shareholders, at an extraordinary general meeting held on 8 January 2021, to raise an additional SEK 4 billion in equity through a directed new share issue towards existing shareholders, Heimstaden, Alecta, Ericsson and Folksam Group. The issue will be completed on 12 January 2021.
The new equity will contribute to strengthen Heimstaden Bostad’s financial position and support the company’s strategy for continued operational improvement and responsible growth throughout attractive European markets.
“We are pleased that our long-term institutional investors continue to demonstrate their trust and confidence in Heimstaden Bostad’s strategy and outlook. This share issue will ensure the financial strength and flexibility necessary to continue to execute on opportunities within the attractive European residential real estate market,” said Magnus Nordholm, Deputy CEO of Heimstaden.
Alecta will subscribe for SEK 2.2 billion in the issue, Heimstaden for SEK 1.5 billion, Folksam Group for SEK 217 million and Ericsson for SEK 75 million.
For more information, please contact:
Patrik Hall, CEO
+46 705 85 99 56
patrik.hall@heimstaden.com
Magnus Nordholm, Deputy CEO and Head of Partners & ECM
+46 705 29 31 44
magnus.nordholm@heimstaden.com
About Heimstaden Bostad
Heimstaden Bostad is a leading residential real estate company in Europe, with a focus on acquiring, developing and managing housing and premises. Through our values Care, Dare and Share, we create value for our owners and friendly homes for our customers. Heimstaden Bostad has about 100,900 apartments and a property value of approximately SEK 139 billion. The head office is located in Malmö, Sweden. For more information, visit www.heimstadenbostad.com.
This information is such that Heimstaden Bostad AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact persons, for publication on 8 January 2021 at 17:00 CET.
