Samhällsbyggnadsbolaget I Norden, a long-term investor in social infrastructure assets, offered to acquire Hemfosa, a Swedish property company, for $2.4bn. The price represents a 22.7% premium compared to the closing price of Hemfosa common shares on Nasdaq Stockholm on 14 November 2019. "With this transaction we are creating the largest social infrastructure property owner in the Nordics. The combined company would have an attractive and stable property portfolio characterised by exposure against the Nordic welfare states with long term leases, high occupancy rates and a diversified tenant base. It is a portfolio with notable low risk due to its unique combination of community service properties with the Swedish and Norwegian state as the largest tenants and Swedish rent-regulated residential properties," Ilija Batljan, SBB Founder and CEO.