Announced
Financials
Tags
Public
Domestic
Real Estate Holding and Development
Sweden
Majority
Acquisition
Friendly
Pending
real estate company
Single Bidder
Synopsis
Stenhus Fastigheter, a Sweden-based real estate company, offered to acquire Randviken, a real estate company, for $282m. The merger results in the creation of a larger company with a stronger credit profile, which is deemed to provide opportunities for more favorable financing terms and wider financing opportunities. Creating a larger and more diversified property portfolio with a strong cash flow is in line with both Stenhus Fastigheter's and Randviken's operational growth goals.
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