Balder to acquire Asset Buyout Partners from HitecVision for с.$1bn.

Fastighets AB Balder, a Sweden-based company engaged in the acquisition, development and management of residential and commercial real estate, agreed to acquire Asset Buyout Partners, a Norwegian real estate company, from HitecVision, a provider of institutional capital to Europe’s energy industry, for с.$1bn. "We see this acquisition as a great opportunity for Balder to expand its presence in Norway, with properties and locations perfectly positioned for current and future industries. ABP is an exciting company, which we are grateful to be able to welcome into the Balder family," Erik Selin, CEO of Balder.