Shearman And Sterling

News January 06, 2020

SBB’s Rights Issue in Connection With its Acquisition Of Hemfosa

Shearman & Sterling advised Goldman Sachs International, J.P. Morgan Securities plc, ABG Sundal Collier AB, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Kempen & Co N.V., Danske Bank A/S, Danmark, Sverige Filial and Nordea Bank Abp, filial i Sverige in connection with Samhällsbyggnadsbolaget i Norden AB (publ)’s (SBB) capital increase by way of a rights issue, which was completed on December 30, 2019.

The rights was launched contemporaneously with the launch of SBB's public offer to the shareholders of Hemfosa Fastigheter AB (publ) (Hemfosa) to acquire all of the common shares and preference shares in Hemfosa. The rights issue was undertaken to enhance SBB’s financial strength and to support the combined business.

SBB is a Swedish property investment company that owns, manages and develops community service properties throughout the Nordic region and rental apartments in growth regions in Sweden.

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