On 15 November 2019, Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the “Company”) announced a recommended public offer to the shareholders of Hemfosa Fastigheter AB (publ) (“Hemfosa”) (the “Offer”).
SBB has now received clearance from the Swedish Competition Authority (Sw. Konkurrensverket) to acquire Hemfosa. As a result, completion of the Offer is no longer conditional upon receipt of regulatory clearances, but remains subject to other conditions as set out in the offer document regarding the Offer.
The last day to accept the Offer is 20 December 2019. Assuming that the Offer is declared unconditional no later than around 23 December 2019, settlement is expected to begin around 3 January 2020.
SBB reserves the right to extend the acceptance period for the Offer and to postpone the settlement date.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected].
The information was submitted for publication, through the agency of the contact person set out above on November 26, 2019, at 17.15 CET.
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: [email protected] / +46 84638300). More information about the company is available at www.sbbnorden.se.