Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") has today, through a subsidiary, entered into agreements to acquire shares in KlaraBo Sverige AB (publ) ("KlaraBo") and Arlandastad Group AB (publ) ("Arlandastad"), while divesting all of its shares in Studentbostäder i Norden AB (publ) ("Studentbostäder"). For accounting purposes, the transaction is expected to result in a positive net effect of just over SEK 100m, as KlaraBo and Arlandastad are recognised at net asset value. The transaction also includes cash proceeds to SBB of SEK 50m.
The transaction is in line with SBB’s strategy to focus its operations on its core holdings, simplify the portfolio and strengthen the financial flexibility.
“Through this transaction, we are increasing our exposure to our core holdings. In light of the ongoing merger between KlaraBo and Sveafastigheter, the investment increases our exposure to Sveafastigheter, one of our core holdings. At the same time, we are divesting a non-core holding, in line with our strategy, while releasing liquidity that can be used to reduce interest expenses or fund other value-creating initiatives.” says Andreas Morfiadakis, CEO.