GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
As previously announced, Fastighets AB Balder (STO:BALDB) has agreed to acquire all the properties in I.A Hedin Fastighet AB group from Anders Hedin Invest AB. Partial payment for the acquired properties are paid to Anders Hedin Invest AB through a set-off issue of 4,602,515 ordinary shares of Class B amounting to SEK 1,098,950,000.
The set-off issue dilutes the ordinary shareholders by 2.6 per cent. The number of ordinary shares in Balder increase to 180,000,000 after the issue (distributed by 11,229,432 ordinary shares of Class A and 168,770,568 ordinary shares of Class B). In addition, Balder has 10,000,000 preference shares outstanding.
In order to facilitate the delivery of the shares to Anders Hedin Invest AB, Erik Selin Fastigheter AB has lent out 4,602,515 shares of Class B.
This information is information that Fastighets AB Balder (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CET on November 30, 2016.
Fastighets AB Balder (publ)
PO Box 53121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 79.9 billion as of 30 September 2016. The Balder share is listed on NASDAQ Stockholm, Large Cap segment.
This information was brought to you by Cision http://news.cision.com