Wistrand assists SBB in the directed new issue of Class D shares and an agreement to acquire 1,363 apartments
Wistrand has assisted Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) in connection with the resolution by the company’s board of directors, as authorized by the extraordinary general meeting on 5 November 2018, on a directed new issue of 8,908,065 shares of class D at a subscription price of SEK 31.00 per share.
The issued shares have been subscribed for by M2 Asset Management AB (7,258,065 class D shares) and Klövern AB (1,650,000 class D shares). The share issue results in a dilution of approximately 1.14 percent of the total number of shares in the Company and approximately 0.33 percent of the total number of votes in the company.
SBB and M2 Asset Management AB have also entered into an agreement regarding the acquisition of 1,363 apartments distributed over 50 real properties in Södertälje, Enköping, Sigtuna, Tierp, Tranås, Vaggeryd, Söderhamn and Nässjö. The agreed property value is SEK 1.305 billion. The parties’ agreement provides for definitive contract regulating the transfer of the property holding companies to be concluded by no later than 18 January 2019, with contemplated closing in March 2019.
For further information:
Fredrik Råsberg, Managing Partner
D: +46 8 50 72 00 47
M: +46 709 50 72 47