SBB Completes Residential Property Sale After Swedish Registration Office Approval

According to Wallstreetcn, SBB (Samhallsbyggnadsbolaget i Norden AB, SBBB.SS) said it can complete its previously announced sale of SBB Residential Property AB and residential properties under SBB Development to KlaraBo Sverige AB after receiving approval from the Swedish Companies Registration Office, with the properties involved valued at about 7 billion Swedish kronor and the deal allowing the company to redeem preferred shares with an annual dividend rate of 13% before the end of the third quarter.