Announced
Financials
Sources
Tags
Acquisition
Friendly
Sweden
Minority
Public
real estate development
Single Bidder
Domestic
Pending
Real Estate Holding and Development
Synopsis
Samhällsbyggnadsbolaget i Norden, a residential property managers company, agreed to acquire a 20.08% stake in JM, a property developer, from OBOS BBL, a real estate service provider, for $550m. "SBB’s focus on residentials and elderly care homes as well as new construction of residentials, as the society builder that we are, becomes even stronger through this deal. We are still only at the beginning of SBB’s value creation to its shareholders," Ilija Batljan, SBB Founder and CEO.
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