[ad_1] STOCKHOLM (Reuters) -Debt-laden Swedish property group SBB reported a widened third-quarter pre-tax loss on Monday. The landlord, which owns properties across Sweden including hospitals and care homes, reported a…
Tag: SBB
Sweden’s SBB eyes sale of residential arm in shake-up
[ad_1] FRANKFURT/OSLO, Sept 25 (Reuters) – Troubled Swedish landlord SBB is exploring the sale of a controlling stake in its residential arm, which owns 23,000 apartments, as it overhauls…
Sweden’s SBB soars on cash infusion, reorganisation plan
[ad_1] OSLO (Reuters) -SBB’s shares rose as much as 40% in early trade on Monday, a day after the Swedish property group said it had secured an 8 billion crown…
SBB sells 1.16% of education unit, receives $700 million as part of loan repayment
[ad_1] Sept 24 (Reuters) – Swedish property group SBB (SBBb.ST) on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns…
Landlord SBB Gets $720 Million Cash Boost in Brookfield Deal
[ad_1] (Bloomberg) — Struggling Swedish landlord SBB took a major step toward stabilizing its finances after agreeing to sell a further stake in a portfolio of school buildings to Canada’s…
Swedish property group SBB replaces CEO as searches for buyers
[ad_1] HELSINKI, June 2 (Reuters) – Debt-laden Swedish real estate company SBB (SBBb.ST) said on Friday its founder and CEO Ilija Batljan has stepped down and will be replaced by…
Swedish real estate group SBB secures cash with JM stake sale
[ad_1] SBB raises $276 mln from JM stake sale Shares sold at less than half the price paid in 2021 Real estate industry hit by rising interest rates SBB scrapped…
Swedish FSA to investigate property group SBB over accounts
[ad_1] STOCKHOLM, June 22 (Reuters) – Sweden’s Financial Supervisory Authority (FSA) said on Thursday it will investigate whether SBB (SBBb.ST) broke accounting rules in the commercial landlord’s 2021 annual report.…
Sweden’s SBB sells property to municipality in debt cutting drive
[ad_1] STOCKHOLM, Aug 29 (Reuters) – Property group SBB has agreed to sell one of its properties to a Swedish municipality for 191 million Swedish crowns ($17.4 million) as part…
Swedish Landlord SBB Cut Five Steps Deep Into Junk by Fitch
[ad_1] (Bloomberg) — SBB, the landlord at the center of Sweden’s commercial property crisis, was slammed with a downgrade of five steps further into junk by Fitch Ratings in a…