Nyfosa listed on Nasdaq Stockholm
The property company Nyfosa AB is listed on Nasdaq Stockholm today. The shares will be traded in the Large Cap segment under the ticker NYF and the ISIN code SE0011426428. The listing marks the beginning of Nyfosa as an independent company after its distribution to ordinary shareholders in Hemfosa.
“We’re pleased and proud that Nyfosa is now listed as an independent company on Nasdaq Stockholm. Nyfosa is a transaction-based property company whose business model offers a new investment alternative in the Swedish property market. Without categorical, geographical or size limits on our strategy, we can react flexibly and look for the best possible transactions. We have a strong team in place to realize Nyfosa’s goals and I look forward to leading a growing listed property company that goes its own way,” comments Nyfosa’s CEO Jens Engwall.
Hemfosa Fastigheter AB’s Extraordinary General Meeting on 13 September 2018 resolved to distribute all shares in the wholly owned subsidiary Nyfosa, consisting of the company’s commercial property portfolio, to ordinary shareholders in Hemfosa. The goal of the demerger is for the two independent and specialized companies to create better conditions for leveraging the potential of the entire business and thereby increase shareholder value. Hemfosa’s ordinary shareholders have received one Nyfosa share for every ordinary share in Hemfosa owned at the record date of the distribution, November 21, 2018.
Nyfosa is a transaction-based and opportunistic property company. The company’s business concept is based on active participation in the Swedish transaction market combined with an investment strategy that can be flexible to the property market. The goal is to develop and add value to a growing property portfolio while generating sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of September 30, 2018, Nyfosa owned commercial properties with a total property value of approximately SEK 15.4 billion. Nyfosa’s Executive Management Team consists of Jens Engwall, CEO; Stina Lindh Hök, COO; Jenny Lindholm, Head of Transactions; Ann-Sofie Lindroth, Head of Financial Control; Anders Hörnqvist, Head of Property Management and Ylva Hult Palmryd, Head of Legal.
For more information, please contact:
Bengt Kjell, Chairman of the Board, +46 70 594 53 98
Jens Engwall, CEO, email@example.com, mobile +46 70 690 65 50, office +46 8 448 04 80