SBB Sells SEK 6.83 Bln Residential Portfolio To Klarabo In Share Deal

About this update from Samhallsbyggnadsbolaget I Norden Ab Class B

Samhällsbyggnadsbolaget i Norden OMXSTO:SBB_B:SAID ON MONDAY IS TO DIVEST SBB RESIDENTIAL PROPERTY AND RESIDENTIAL PORTFOLIO FROM SBB DEVELOPMENT TO KLARABO, VALUING ASSETS AT SEK 5.86 BLN AND SEK 973 MLNCONSIDERATION WILL BE PAID IN KLARABO EQUITY: 32,600,001 CLASS A SHARES AND 74,997,402 CLASS B SHARESSVEAFASTIGHETER AND KLARABO ADOPTED A MERGER PLANSBB STAKE IN SVEAFASTIGHETER IS SET TO FALL TO 58.5% FROM 63% ONCE TRANSACTION CLOSESTRANSACTION EXPECTED TO GENERATE SEK 120 MLN IN ANNUAL SAVINGS AND TERMINATE MORGAN STANLEY JOINT VENTURE TIED TO SBB RESIDENTIAL PROPERTY THAT CARRIED 13% ANNUAL COSTSource text for Workspace:Further company coverage: [SBBb.ST]

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