Aros Bostad to acquire Besqab for $178m.

Aros Bostad, a real estate company, agreed to acquire Besqab, a real estate development firm, for $178m. "Through its significantly larger size, the merged company will have a stronger market position and also the capacity to take additional market shares. A merger will mean economies of scale regarding costs for a listed company and central administration. The merger is expected to result in a broader and more attractive customer offer," Aros Bostad.