ABGSC acted as financial advisor to Amasten in connection with the public share offer to the shareholders of SSM

On Wednesday 14 October 2020, Amasten made a public share offer to the shareholders of SSM. Amasten owned 30 percent of SSM prior to the offer, which were acquired from the main owner in January 2020. The offer valued all shares in SSM to SEK 568m and corresponded to a premium of 9 percent based on closing share prices the day before announcement. SBB and Gösta Welandson, together representing 45 percent of SSM, unconditionally agreed to accept the offer. The acquisition of SSM significantly strengthens Amasten’s growth profile and the company estimates that around 2,000 rental apartments can be developed for own long-term management from SSM’s project portfolio.
The offer was declared unconditional after the first acceptance period when Amasten controlled 97.5 percent of the shares in SSM. This is the third time in less than a year ABG Sundal Collier acts as financial advisor to Amasten in connection with Equity Capital Markets or M&A activity.