On Tuesday 28 April, Amasten entered into an agreement with SBB to acquire a residential property portfolio With an underlying property value of SEK 1,500m. Through the acquisition, Amasten continues to execute on its Growth ambitions and reaches a property value of over SEK 8bn. To partly finance the acquisition, Amasten, on the same day as disclosing the deal with SBB, announced the successful completion of a directed issue of 90 million shares at a subscription price SEK 7.2 per share, raising gross proceeds of SEK 648m. The subscription price was determined in an accelerated book building process and corresponds to a discount of 5.3% in relation to the previous closing price. In relation to the long-term net asset value (EPRA NAV) per share as of 31 March 2020, the price corresponds to a premium of 7.3%. The share issue was directed to both existing and new shareholders. ABG Sundal Collier acted as sole financial advisor and bookrunner in the share issue.

Contact

Erik Skog

Erik Skog

Co-Head of ECM and Head of Investment Banking Sweden

erik.skog@abgsc.se +46 8 566 294 71
Jonathan Boklund

Jonathan Boklund

Investment Banking (ECM)

Jonathan.Boklund@abgsc.se +46 8 566 286 58