SBB completed the acquisition of 54.3% of share in Offentliga Hus from Aktiebolaget Fastator for $600m.

SBB, a residential and community properties developer and owner, completed the acquisition of 54.3% of share in Offentliga Hus, a real estate company that owns, manages and develops community properties, from Aktiebolaget Fastator, an investment company, for $600m. “SBB issues new D-shares with the aim to attain a stronger rating. In 2020, SBB achieved a significant reduction in its loan-to-value ratio. This issue will support SBB in achieving a reported adjusted net debt, according to S&P’s loan-to-value definition, below 50 percent already at the end of the first quarter 2021, which is the threshold for a BBB+ rating,” Ilija Batljan, SBB CEO.