ABG Sundal Collier acted as financial advisor to Svenska Handelsfastigheter in connection with the public cash offer to the shareholders of Tre Kronor

On 13 April 2021, Svenska Handelsfastigheter announced a public cash offer to the shareholders of Tre Kronor Property Investment (“Tre Kronor”) to tender all shares in Tre Kronor at a price of SEK 151 per share. Following a competing bid, Svenska Handelsfastigheter revised the offer to SEK 163 per share and, in connection therewith, acquired 10.05 percent of the shares in Tre Kronor. The offer valued all shares in Tre Kronor to SEK 1,675m and corresponded to a premium of 20.9 percent versus closing share price the day before initial announcement. After the first acceptance period ended on 20 May 2021, Svenska Handelsfastigheter controlled 89.4 percent of capital and votes in Tre Kronor and declared the offer unconditional. Both companies have, to a great extent, identical tenants and Tre Kronor’s properties will complement and significantly broaden Svenska Handelsfastigheter’s existing property portfolio.