SBB Surges on Aker Deal as CEO Flags Benefits to Creditors
A Samhallsbyggnadsbolaget i Norden AB sign on a property in Stockholm.
Photographer: Andrey Rudakov/BloombergShares and bonds in Sweden’s SBB rallied on Tuesday after Norwegian industrial investment group Aker ASA became the commercial landlord’s new main shareholder.
The deal, in which Aker’s property unit took a 9.08% stake in SBB, marks the next major step forward for the once-embattled real estate company as it seeks new investors amid looming debt maturities.