7 Jan 2020

Hammarskiöld advised the financial advisers in connection with Samhällsbyggnadsbolaget i Norden AB (publ)’s recommended public offer to the shareholders of Hemfosa Fastigheter AB (publ)

Hammarskiöld advised J.P. Morgan Securities plc, ABG Sundal Collier AB and Nordea Bank Abp, filial i Sverige (jointly, the financial advisers), in connection with Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”)’s recommended public offer to the shareholders of Hemfosa Fastigheter AB (publ) (“Hemfosa”) to tender all their common shares and preference shares in Hemfosa to SBB. The total offer consideration consisted of a combination of shares in SBB and cash. The total offer value for all shares in Hemfosa was approximately SEK 23.5 billion.

SBB is a major Nordic social infrastructure property company. SBB owns a property portfolio across Sweden, Norway, Finland and Denmark with a market value of SEK 30.8 billion as of 30 September 2019. SBB’s Class B and Class D common shares are admitted to trading on Nasdaq Stockholm (Large Cap) and SBB’s preference shares are listed on Nasdaq First North Premier Growth Market.

Hemfosa is a community service properties specialist working with health care, education and the judicial system, amongst others, in the Nordic region. As of 30 September 2019, Hemfosa owned properties in Sweden, Norway and Finland with a fair value of SEK 39.8 billion. Hemfosa’s common shares and preference shares are admitted to trading on Nasdaq Stockholm (Large Cap).

Hammarskiöld’s team primarily consisted of

Carl-Johan Pousette (Partner)

Marcus Tipner (Associate)

Aksel Ahlqvist (Associate)