Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has, via a subsidiary, entered into an agreement with Eurodevelopment AG to acquire 11,600,000 common shares in SSM Holding AB (publ) (“SSM”). This corresponds to a holding of 29.55 per cent of the shares and votes in SSM as per today’s date. The total purchase price amounts to SEK 116,000,000. Closing is conditional upon an extra general meeting in SMM that approves the sale of the projects to Clear Real Estate Holding AB and the approval of the agreement for cooperation between SSM and Masugnen 1 Fastighets AB. Closing is expected to take place on 16 March 2020.
“SBB has one of Sweden’s largest building rights portfolios, corresponding to 20,000 to 24,000 apartments. This acquisition gives us further exposure to an expanding Stockholm,” comments 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, +46 70 518 39 67, [email protected]