Business
Aker ASA: Aker Property Group acquires ownership interest in Public Property Invest ASA and Samhällsbyggnadsbolaget i Norden AB
Aker Property Group ("APG"), a wholly owned subsidiary of Aker ASA ("Aker"), announces today that it has signed agreements to acquire a strategic ownership interest in Public Property Invest ASA (OSE: PUBLI) ("PPI") and Samhällsbyggnadsbolaget i Norden AB (STO: SBB) ("SBB").
About this update from Public Property Invest Asa
[{"type":"text","content":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.","length":344,"tagName":"p"},{"type":"text","content":"FORNEBU, Norway, May 13, 2025 /PRNewswire/ -- Aker Property Group ("APG"), a wholly owned subsidiary of Aker ASA ("Aker"), announces today that it has signed agreements to acquire a strategic ownership interest in Public Property Invest ASA (OSE: PUBLI) ("PPI") and Samhällsbyggnadsbolaget i Norden AB (STO: SBB) ("SBB").","length":366,"tagName":"p"},{"type":"text","content":"The transaction includes:","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"TRG Real Estate AS ("TRG"), a company indirectly controlled by Kjell Inge Røkke, Chair of Aker ASA, has reached an agreement to sell an industrial property portfolio (the "Industrial Property Portfolio") to PPI at an agreed equity value of NOK 2.325 billion, in exchange for 124,398,074 new ordinary shares in PPI, issued at a price of NOK 18.69 per share (the "PPI Shares").","length":405,"tagName":"p"}]},{"val":[{"type":"text","content":"TRG has agreed to transfer the right to receive 39,808,989 PPI Shares to SBB I Norden AB ("SBB I Norden"), which is an indirect wholly owned subsidiary of SBB. In exchange, TRG will receive 164,561,931 class B-shares in SBB, representing about 9.08 percent of SBB's share capital and 4.44 percent of the voting rights (the "SBB Shares").","length":361,"tagName":"p"}]},{"val":[{"type":"text","content":"TRG has agreed to transfer to APG the right to receive both the SBB Shares and the remaining 84,589,085 PPI Shares that were not transferred to SBB I Norden at the same valuation as agreed with PPI and SBB.","length":206,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":972,"olType":false},{"type":"text","content":"Following the completion of the transaction, APG will be the second largest shareholder in PPI with about 24.58 percent of the shares and votes. Additionally, it will own about 9.08 percent of the share capita...