Deal snapshot: SWEDISH REAL ESTATE FIRM BALDER, BACKAHILL ACQUIRE NEW BRINOVA.
Swedish real estate company Fastighets AB Balder (STO: BALDB) has, as a partial payment for the sale of Tornet Landskrona, received 35% of Brinova Fastigheter AB and will together with Backahill AB become the main shareholder in a new company with focus on community properties and residentials, the company said.
The new group will initially have a property portfolio of around 40 properties with a value of over SEK 1bn. The property portfolio is geographically concentrated in southern Sweden.
Sector: Construction/Real Estate
Target: Brinova Fastigheter AB
Buyer: Fastighets AB Balder
Deal size in USD:
Buyer advisor: , ,
Comment: Stake received as partial payment for Tornet Landskrona
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|Publication:||M & A Navigator|
|Date:||Oct 30, 2015|
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