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The embattled company at the center of Sweden’s property crisis is considering breaking itself up after its shares collapsed amid mounting concerns over the firm’s $8 billion debt pile.
SBB — as Samhallsbyggnadsbolaget i Norden AB is more commonly known — has initiated a strategic review that could result in “a sale of the company, business segments, or specific assets, as well as other strategic transactions,” the board of directors said in a statement. Selling new shares is not in the scope of the review.
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