Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB (PUBL)

(SBB B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Samhällsbyggnadsbolaget i Norden : SBB buys 15 percent of Arlandastad Group for SEK 564 million and finances half of the purchase price through the issue of 6,270,833 new Class B shares with a subscription price of SEK 45 per share

07/27/2021 | 02:01am EDT

Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") buys 15 percent of Arlandastad Group, which will be an associated company of SBB, for SEK 564,375,000 from Gelba. The transaction is half financed through the issue of 6,270,833 new Class B shares in SBB at a subscription price of SEK 45 per share.

Arlandastad Group has a property value amounting to approximately SEK 6bn consisting of investment properties and approximately 240 ha of land (of which 40 ha is a lease) around Arlanda. The company currently has a building rights portfolio of approximately 1.2 million sq.m. BTA (which already have zoning plan or are in zoning plan process). In addition to this, there is additional land to be developed. SBB and Arlandastad Group have an agreement that gives SBB the opportunity to acquire the community service properties and rent regulated residentials to be sold at market value (based on two independent valuations). SBB and Arlandastad have also agreed to start a joint venture company to develop major real estate projects in strategic areas.

"Arlandastad Group and Per Taube as main owners have shown that they are a strategic partner regarding the development around Stockholm Arlanda and major infrastructure projects. SBB as Europe's leading owner of social infrastructure expects to contribute with new infrastructure and property development expertise to further strengthen both the Stockholm region and other strategic places", says Ilija Batljan, CEO of Samhällsbyggnadsbolaget i Norden AB.

"We will broaden the business geographically with new strategic real estate projects where we identify a great value potential. The collaboration with SBB as one of Europe's leading real estate players creates new opportunities and gives us a flying start", says Per Taube, main owner of Arlandastad Group.

The transaction is half financed through the issue of 6,270,833 new Class B shares in SBB at a subscription price of SEK 45 per share, corresponding to a total value of SEK 282,187,485. The subscription price has been determined in advance and corresponds to the share's market value with a premium of approximately 4.9 percent compared to the B share's closing price of SEK 42.91 on Nasdaq Stockholm on 26 July, 2021. A decision on a rights issue will be made by SBB's Board of Directors in connection with completion, implying a dilution for existing shareholders of approximately 0.4 percent, and takes place with the support of the authorisation from the Annual General Meeting in 2021. The rights issue will be directed to Gelba AB. In total, 75 percent of the newly issued B shares will be subject to transfer restrictions, a so-called lock-up, for a period of twelve months. Closing is expected to take place no later than 31 August 2021.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@sbbnorden.se

The information was submitted for publication, through the agency of the contact person set out above on 27 July 2021, at 08:00 CET.

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region's leading property company in social infrastructure. The Company's strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company's series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.

https://news.cision.com/samhallsbyggnadsbolaget-i-norden-ab/r/sbb-buys-15-percent-of-arlandastad-group-for-sek-564-million-and-finances-half-of-the-purchase-price,c3389567

https://mb.cision.com/Main/15487/3389567/1448483.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

All news about SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB (PUBL)
02:01aSAMHÄLLSBYGGNADSBOLAGET I NORDEN : SBB is building a solar park together with El..
AQ
09/15SAMHÄLLSBYGGNADSBOLAGET I NORDEN : SBB acquires community service properties in ..
AQ
09/10SAMHÄLLSBYGGNADSBOLAGET I NORDEN : SBB commences the construction of 161 climate..
AQ
09/10Samhällsbyggnadsbolaget i Norden AB Commences the Construction of 161 Climate..
CI
09/10SAMHÄLLSBYGGNADSBOLAGET I NORDEN : SBB updates Vision 2030 – will be clima..
PU
09/10SAMHÄLLSBYGGNADSBOLAGET I NORDEN : SBB updates Vision 2030 - will be climate pos..
AQ
09/09SAMHÄLLSBYGGNADSBOLAGET I NORDEN : SBB updates targets and communicates the Boar..
AQ
09/09Samhällsbyggnadsbolaget i Norden AB Proposes Dividend
CI
09/06SAMHÄLLSBYGGNADSBOLAGET I NORDEN : SBB and Alive take responsibility for sustain..
AQ
09/06Samhällsbyggnadsbolaget i Norden AB and Alive Bostad AB to Build 162 Homes Ai..
CI
More news
Financials
Sales 2021 5 866 M 681 M 681 M
Net income 2021 11 849 M 1 375 M 1 375 M
Net Debt 2021 63 443 M 7 364 M 7 364 M
P/E ratio 2021 6,73x
Yield 2021 2,15%
Capitalization 80 673 M 9 343 M 9 364 M
EV / Sales 2021 24,6x
EV / Sales 2022 22,5x
Nbr of Employees 300
Free-Float 61,9%
Chart SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB (PUBL)
Duration : Period :
Samhällsbyggnadsbolaget i Norden AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAMHÄLLSBYGGNADSBOLAGET I NORDEN AB (PUBL)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 52,20 SEK
Average target price 46,85 SEK
Spread / Average Target -10,2%
EPS Revisions
Managers and Directors
Ilija Batljan Chief Executive Officer & Director
Rosel Ragnarsson Co-Chief Financial Officer & Finance Director
Eva-Lotta Stridh Co-Chief Financial Officer
Paul Lennart Schuss Chairman
Lars Thagesson Chief Operating Officer, VP & Deputy CEO