Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) announced on 24 September 2023 that the Company agreed to sell 1.16% of SBB EduCo AB (“EduCo”) to Brookfield Super-Core Infrastructure Partners (“Brookfield”) for approximately SEK 242 million and become a minority owner of EduCo, and that EduCo would repay part of its shareholder loan from SBB, resulting in SBB receiving proceeds of approximately SEK 8 billion.
Today, SBB announces that the financing condition has been fulfilled according to plan, meaning that all material conditions for closing of the transaction have been satisfied. The transaction will be completed during November.
For further information, please contact:
Helena Lindahl, Treasury Director, [email protected], [email protected]
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.