SBB has sold equity linked loans for SEK 1,465 million with the intention of selling its JV share in Svenska Myndighetsbyggnader AB to Kåpan Pensioner
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has sold equity linked loans (equity linked loans are to Svenska Myndighetsbyggnader AB (“SMB”)) for SEK 1,465 million to Kåpan Pensioner. The amount corresponds to 93.91% of the nominal value. Furthermore, the parties have agreed that the ambition is for Kåpan Pensioner to buy SBB's share in the JV company SMB by 31 December this year (JV owned 50/50 between SBB and Kåpan Pensioner).
“SBB must focus on its core business, increase transparency and free up capital in order to repurchase bonds and create the conditions for a stronger rating. Kåpan Pensioner is a stable and long-term owner of SMB and we are proud that together we have created a strong company with a focus on properties for an efficient office supply to government agencies, ” says Ilija Batljan, CEO and founder of Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@sbbnorden.se
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on 24 June, 2022, at 10:00 CET.
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.