Nordea has brokered yet another large stake in the residential developer Bonava.
At around 10 a.m., Nordea brokered a block of 3.23 million B-shares in Bonava internally at a price of 11.14 kronor per share. The transaction amounts to 36.0 million kronor and corresponds to 1.0 percent of the company's capital.
Ten minutes later, a block of 2.4 million shares was brokered at the same price. This stake represents 0.7 percent of the shares.
The most recent trading price for the share is 11.10 kronor, down 0.9 percent so far today.
Bonava AB (publ) is a Sweden-based residential developer. The Company provides multi-family and single-family housing units, and develops homes for consumers and investors, such as pension funds, alongside municipalities and other stakeholders. Bonava's segments divided by geographical regions: Germany, Sweden, Finland, Estonia, Latvia and Lithuania. Germany is the biggest market, offering apartments and single-family homes to consumers, and multi-family housing with rental apartments to investors. In Sweden, Bonava offers apartments and single-family homes to consumers in Stockholm, Gothenburg, Linkoping, Uppsala and Umea regions. In Finland offers apartments for consumers and rental housing projects for investors. The Baltics segment comprises the capital cities of Tallinn, Estonia; Riga, Latvia; and Vilnius in Lithuania. The offering is primarily targeted at apartments for consumers, but also have rental housing projects for investors.
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