On Friday 10 May, AB Sagax ("Sagax") announced the successful completion of a private placement of 5.9m new shares of series D at a subscription price of SEK 34, raising gross proceeds of SEK 201m. The subscription price was determined in an accelerated book-building process. In connection with the placement, Sagax engaged ABG Sundal Collier as sole bookrunner.
Sagax is a real estate company whose business concept is to invest in commercial properties, primarily in the urban logistic and light industry segment. The Company was founded by David Mindus in 2004 and is now the 6th largest real estate company on Nasdaq Stockholm, based on its market cap of SEK 30.6bn. As of 31 March 2019, the property portfolio was valued at SEK 30.2bn and included 530 properties in Sweden, Finland, France, the Netherlands, Germany and Denmark.