Oscar Properties Holding AB (publ) (OM:OP) agreed to acquire 16 Property Portfolio from Castellum AB (publ) (OM:CAST) for SEK 1.7 billion on September 27, 2021. The sale price is SEK 1.7 billion less overheads and deferred tax totaling approximately MSEK 95. As a partial payment, Castellum will receive a block of shares corresponding to a maximum of MSEK 200 in Oscar Properties, entailing an ownership share of approximately 10% based on the latest available ownership list.

The block of shares is regarded as a financial investment whereby Castellum receives shares at a level that is considered attractive in a company with an exciting growth strategy. The transaction is expected to close on November 1, 2021.