Nyfosa has announced that the financing condition regarding SBB's sale of properties for SEK 4.9bn to Nyfosa has been resolved
As previously announced, on 10 June 2020, Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) signed an agreement for the sale of office properties totalling SEK 4.9bn to Nyfosa AB (“Nyfosa”).
The transaction is conditional upon financing and approval from the Swedish Competition Authority (the “Competition Authority”). Nyfosa has today announced that they have acquired necessary bank loans, therefore the financing condition is resolved. A positive Competition Authority approval is expected during July.
Closing is scheduled to take place as soon as possible after the Competition Authority approval and no later than by 17 August 2020.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, firstname.lastname@example.org
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: email@example.com / +46 84638300). More information about the company is available at www.sbbnorden.se.