Samhällsbyggnadsbolaget i Norden AB's (publ) ("SBB") associated company Public Property Invest AS ("PPI") has today been successfully listed on the
''The listing of PPI is an important milestone in the strategic transformation that SBB is undertaking to create a decentralised group structure with portfolio companies that can finance themselves independently. PPI will now have better access to equity and credit markets, strengthening the overall financial position and flexibility for SBB. We are purchasing additional shares in connection with the listing and look forward to supporting PPI as a long-term owner and partner", says
In order to ensure that PPI achieves sufficient financial scale in its property portfolio, SBB has, in connection with the listing, sold properties with a book value of
SBB owned 44.8 percent of the shares in PPI before the transaction and will, depending on the outcome of the greenshoe option, own 33.71-36.26 percent of the shares in PPI after the transaction, which is preliminarily estimated to have an effect on earnings of
In connection with the transaction, SBB's Norwegian management organisation will be transferred to PPI and SBB will simultaneously sign a management agreement with PPI for its remaining portfolio.
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This information is such that Samhällsbyggnadsbolaget i
Samhällsbyggnadsbolaget i
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