On 30 November 2022, Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) communicated an unconditional sale of a 49 percent stake in its social infrastructure portfolio for public education to Brookfield for SEK 9.2 billion with an additional earn-out of up to SEK 1.2 billion.
The transaction is completed in three steps where the first step was completed on 18 January 2023, whereby SBB received SEK 6.6 billion in cash. The second part of the deal was completed on 31 March 2023 whereby SBB received an additional SEK 2.1 billion in cash payment. The last part of the deal was completed today and SBB received an additional SEK 400 million. SBB intends to use the net proceeds from the transaction to strengthen the company's liquidity and financial position.
For further information, please contact:
Helena Lindahl, Treasury director & IR, [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.